If a Small Change in the X Variable Results in a Large

question 195

Multiple Choice

If a small change in the x variable results in a large change in the y variable,the curve will be

• A) positively sloped.
• B) negatively sloped.
• C) steep.
• D) flat.
• E) trended.

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Definitions:

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Limited Liability

A legal structure that limits the financial liability of owners or shareholders of a business to the amount they've invested, protecting personal assets from business debts.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders, and offers limited liability protection to them.

Partnership

A business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.