Variable Costs

question 70

Multiple Choice

Variable costs:

• A) vary indirectly with changes in activity level.
• B) vary directly with changes in activity level.
• C) vary on a per unit basis.
• D) vary indirectly with changes in activity level AND vary on a per unit basis.

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Definitions:

Marketing

The action or business of promoting and selling products or services, including market research and advertising.

Period Of Decline

A phase in which something, such as a business, economy, or physical condition, experiences a decrease in quality, quantity, or importance.

Negative Feedback

Criticisms or evaluations indicating a discrepancy between expected and actual performance, intended to prompt improvement.

Positive Feedback

Encouraging or affirmative information provided in response to an action or behavior, intended to reinforce and promote repetition of the behavior.