Molly's Mail Carrier Delivers the Mail Promptly at Noon Each

question 122

Multiple Choice

Molly's mail carrier delivers the mail promptly at noon each day. Molly never checks her mailbox in the morning, but always checks it at 12:05 p.m. Molly's mail checking is maintained on which schedule?

• A)fixed interval
• B)variable interval
• C)fixed ratio
• D)variable ratio

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Definitions:

Fixed Assets

Long-term tangible assets used in the operations of a business that are not expected to be converted to cash in the short term, such as buildings, machinery, and equipment.

Amortization Expense

The portion of the cost of a fixed asset deducted from revenue over its useful life for accounting purposes.

Operating Expenses

The costs associated with the day-to-day operations of a business, not including the cost of goods sold.

Fixed Assets

Long-term tangible assets used in the operations of a business that are not expected to be consumed or converted into cash within a year.