Which of the following best describes the typical relationship between variable costs and volume?
A) Total variable costs increase in an erratic, unpredictable fashion with changes in volume.
B) Total variable costs stay constant with changes in volume.
C) Unit variable costs increase with changes in volume up to a certain point and then remain constant.
D) Total variable costs increase in direct proportion to increases in volume.
D
You might also like to view...
Answer the following statements true (T) or false (F)
1. Conflict is the dramatic and often violent clash of opposing forces that lacks a simple resolution that would be satisfactory to all parties. 2. Certain kinds of conflict can be beneficial for organizations. 3. Another name for functional conflict is productive conflict. 4. According to research, negative conflict can have positive effects on performance.
Which inventory cost flow method assigns the cost of the most recent items purchased to ending inventory?
A) Specific identification B) Weighted average C) FIFO D) LIFO
A public figure and a public official are synonymous
Indicate whether the statement is true or false
Davis frequently trades on the NASDAQ exchange. He has made a commitment to constantly buy and sell the stocks of Ossani & Gautier, an automobile manufacturing company that is listed on the exchange. He competes for customer order flow by quoting the bid price and the ask price for a number of shares. The information given in the scenario indicates that Davis is a(n) _____.
A. market maker B. accredited investor C. floor broker D. proprietary trader