Question

A product whose revenues do not cover the sum of its variable costs, its traceable fixed costs, and its allocated share of general corporate administrative expenses should usually be dropped. Group startsTrue or FalseTrue, unselectedFalse, unselected

Answer 1

The statement is false.

What is the cost?

Any expense a company faces when producing its products or performing its services is referred to as a cost.

What do you understand by variable and fixed costs?

• Any expenses that vary according to how much a business produces and sells are considered variable costs. As a result, variable costs grow with rising production and diminish with falling production.
• Contrarily, fixed costs are those outlays that don't change regardless of how much a business produces.

What is the Revenue?

The total income derived from the sale of products or services about a business's core operations is referred to as revenue.

Learn more about revenue and cost: brainly.com/question/12387606

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