Which of the Following Is an Example of a Variable

question 40

Multiple Choice

Which of the following is an example of a variable cost for a producer?

• A) Depreciation.
• B) Managers' salaries.
• C) Rent.
• D) Packaging materials.
• E) Property taxes.

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Definitions:

Classification

The action or process of categorizing something according to shared qualities or characteristics.

Mutually Exclusive

A condition in which two or more events cannot occur at the same time.

Jointly Exhaustive

This term refers to a set of possibilities or conditions that completely covers all potential outcomes or scenarios, leaving no option unaccounted for.

Abstract

Existing in thought or as an idea but not having a physical or concrete existence.