A committed fixed cost
A) cannot be easily changed
B) often involves a long-term contract
C) does not change when output changes
D) all of the answers are correct
D
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Answer the following statements true (T) or false (F)
Previous accounting standards have used a revenue-expense approach to pension accounting, which emphasizes the recognition and measurement of annual pension cost.
Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law?
A) John Rawls B) John Stuart Mill C) Immanuel Kant D) Milton Friedman
_____ factors are critical to the internal environment of an organization seeking to have its managers pursue innovative activity.
a. Six b. Seven c. Five d. Three
Statements by an agent ______ bind the principal unless ________
A)will not, the principal is disclosed.? B) will, they were made at the time of performance. C) will not, they were made at the time of performance. D) will not, the principal is disclosed.