(a) Fixed costs change with production, variable costs remain constant. 

(b) Variable costs change with production, fixed costs remain constant. 

(c) Fixed costs are higher than variable costs. 

(d) Variable costs are higher than fixed costs.

(a) To secure funding 
(b) To guide business operations
(c) To attract new customers
(d) To comply with regulations

(a) Risk is measurable, uncertainty is not.
(b) Uncertainty is measurable, risk is not.
(c) They are the same thing. 
(d) None of the above

(a) Overseeing production processes
(b) Managing customer relationships
(c) Recruiting and managing employees 
(d) Developing new products

(a) To forecast future performance
(b) To track and report financial results 
(c) To develop marketing strategies
(d) To motivate employees

(a) To manufacture products
(b) To manage finances 
(c) To create customer demand 
(d) To hire and train employees 

(a) Size of the business 

(b) Ownership structure 

(c) Industry 

(d) Location

(a) Increase
(b) Decrease 
(c) Remain the same
(d) Fluctuate unpredictably

(a) The value of final goods and services produced in a country 
(b) The total income of individuals in a country
(c) The unemployment rate
(d) The inflation rate

(a) Many buyers and sellers
(b) Homogeneous products
(c) Free entry and exit
(d) Government control of prices