When and Where Was Printmaking First Developed

question 12

Multiple Choice

When and where was printmaking first developed?

• A)in the 5^th century BCE in Athens
• B)in the 15^th century in Europe
• C)in the 9^th century in China
• D)in the 18^th century in the U.S.

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Definitions:

Variable Cost

Costs that change in proportion to the level of production or business activity, such as materials and labor.

Income Statement

A fiscal report displaying a business's incoming funds, outgoings, and profit for a designated time frame.

Relevant Range

The span of activity level within which the assumptions about variable and fixed cost behaviors hold true.

High-low Method

A technique used in managerial accounting to estimate fixed and variable costs by analyzing the highest and lowest levels of activity and the associated costs.