The Two Types of Multivariate Techniques Are ____________________ Methods and ____________________

question 14

Short Answer

The two types of multivariate techniques are ____________________ methods and ____________________ methods.

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Definitions:

Fixed Expenses

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much contributes to covering fixed costs and generating profit.

Variable Expenses

Costs that change in proportion to the activity of a business, such as sales commissions or raw materials.

Net Operating Income

is the total profit of a company after operating expenses are subtracted from revenue but before deducting interest and taxes.