Answer:
The variable cost is the cost which increases or decreases with the level of output of a company. There is direct relationship between variable cost and output of a firm.
The fixed costs are the costs which remains the same with any level production.
A step cost refers to a cost which remains constant at a particular level and vary after that level.
A mixed cost is a combination of both variable and fixed cost. Such as electricity companies which charges a fixed amount as well as variable cost according to the units consumed.
Therefore, the list are as follows:
(a) Variable cost
(b) Fixed cost
(c) Variable cost
(d) Fixed cost
(e) Step cost
(f) Fixed cost
(g) Mixed cost
Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.
Explanation:
Answer: True
Explanation:
The Four-Firm Concentration Ratio simply measures aggregate market share of the four biggest firms that are in a particular industry while the Eight-Firm Concentration Ratio measures that of the eight biggest firms.
It is true that in recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm machinery.
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A white shirt, navy suit, and tie with a classic stripe.
