Costs That Vary Directly with Changes in the Number of Units

question 29

Multiple Choice

Costs that vary directly with changes in the number of units produced or sold are called

• A) changeables.
• B) variable costs.
• C) direct costs.
• D) fixed costs.
• E) marginal costs.

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Definitions:

Explicit Memories

Memories that can be consciously recalled, such as facts and events, and are part of the declarative memory system.

Long-Term Memory (LTM)

In the three-box model of memory, the memory system involved in the long-term storage of information.

Short-Term Memory (STM)

In the three-box model of memory, a limited-capacity memory system involved in the retention of information for brief periods; it is also used to hold information retrieved from long-term memory for temporary use.

Short-Term Memory

The capacity for holding a small amount of information in mind in an active, readily available state for a short period of time.