Dependent variables in the workplace
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Using the example of NI = [U*(P-VCu)] - FC, NI is a dependent variable and the rest are independent. What this means is, the answer to Net Income depends on what the values are for Units, Price, Variable Costs per unit, and Fixed Costs.
Identify at least three variables in the workplace whose value is dependent on the values of other variables.
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Solution Summary
A short list of dependent variables one finds in the workplace and the variables they depend upon.
Solution Preview
I would note the following as dependent variables.
Inventory- dependent on costs of materials, labor, and capital costs ...
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