Which of the Following Do Limitations of Cost Volume Profit

question 8

Multiple Choice

Which of the following do limitations of cost volume profit include?
i.Not all costs can be classified as fixed or variable
ii.Revenue changes may not be linear.
iii.Sales volume is the only cost driver.iv.Inventory levels do not change.

• A) i and ii
• B) i and iii
• C) i,ii and ii
• D) All of the given answers

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Definitions:

Krechevsky

Ivan Krechevsky was a psychologist who conducted research on animal behavior and learning, known for exploring concepts of hypothesis behavior in rats during problem-solving tasks.

Occasion-Setting Stimulus

A stimulus that signals whether a particular response will be reinforced, playing a role in modifying behavior based on context.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, comes to elicit a learned response.

Conditioned Response

A learned reaction to a previously neutral stimulus, acquired through classical conditioning.