Critical Thinking Involves Exercising Curiosity and Skepticism When Evaluating the Claims

question 49

True/False

Critical thinking involves exercising curiosity and skepticism when evaluating the claims of others, and with our own assumptions and beliefs.

---

Definitions:

Variable Expenses

Costs that change in proportion to the activity of a business.

Fixed Expenses

Expenses that remain constant regardless of the amount of goods produced or sold, including lease payments, wages, and coverage costs.

Net Income

The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenues.

Selling Price

The selling price is the amount a buyer pays to purchase a product or service from a seller.