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Match Each Definition to the Correct Term

question 41

Multiple Choice

Match each definition to the correct term
-Sugar gliders from Australia and flying squirrels from North America are not closely related mammals, but they do resemble one another in appearance and locomotion. This would illustrate the phenomenon of ________.


Definitions:

Fixed Cost

A cost that does not change with the level of output or sales over a certain period, such as rent or salaries.

Sales Volume

The quantity of units sold by a company within a specific time period.

High-low Method

A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Mixed Cost

A cost that contains both variable and fixed cost elements, changing with the level of output but not in direct proportion.

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