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form everfi Venture: Entrepreneurial epedition
Which of the following statement is TRUE about variable expenses?
Which of the following statement is TRUE about variable expenses?
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GPT-4o mini
In the context of variable expenses, the following statement is typically true:
"Variable expenses fluctuate based on the level of production or sales."
Variable expenses are costs that change in direct proportion to the volume of goods or services produced or sold. Examples include costs for raw materials, direct labor associated with production, and commissions paid on sales. Unlike fixed expenses, which remain constant regardless of output, variable expenses increase or decrease based on business activity.
If you have specific statements from your course module that you'd like to evaluate, feel free to share them!
"Variable expenses fluctuate based on the level of production or sales."
Variable expenses are costs that change in direct proportion to the volume of goods or services produced or sold. Examples include costs for raw materials, direct labor associated with production, and commissions paid on sales. Unlike fixed expenses, which remain constant regardless of output, variable expenses increase or decrease based on business activity.
If you have specific statements from your course module that you'd like to evaluate, feel free to share them!
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