Which of the following is true with regard to fixed costs and variable costs?
a. Fixed costs are those costs that remain constant regardless of the volume produced.
b. Variable costs are those costs that remain constant irrespective of the output level.
c. Variable costs are those costs that remain constant regardless of the time of manufacture.
d. Variable costs are those costs that remain constant regardless of the price of the product.
a. Fixed costs are those costs that remain constant regardless of the volume produced.
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Which of the following suggests that by widening the market's size, international trade can permit longer production runs for manufacturers, which leads to increasing efficiency?
a. economies of scale b. diseconomies of scale c. comparative cost theory d. absolute cost theory
Which of the following components of a compensation plan rewards experience and competence?
A) salary B) commission C) bonus D) incentive payment
Racine started a new business in the current year. She incurred $52,000 of start-up costs. If her business started on November 23rd of the current year, what is the total amount she may deduct with respect to the start-up costs for her initial year, rounded to the nearest whole number?
A. $52,000. B. $5,522. C. $2,555. D. $3,544. E. None of the choices are correct.
Color can be a valuable emphasis tool, but writers should not ____________ it
a. overuse b. rely on c. blend d. change