Which of the following statements most accurately explains the behavior of costs?

a. There is no norm; rather, costs can be fixed, variable, or a combination of both.
b. The majority of costs are variable per unit of production.
c. The majority of costs are fixed per unit of production.
d. Costs can be fixed or variable but usually not a combination of both.


A

Business

You might also like to view...

The ______ section of the practitioner’s model of human resource management describes base pay, incentives, and worker benefits as ways to reward and maintain a workforce.

A. 21st-century HRM, strategic planning, and HR laws B. staffing C. developing and managing D. compensating

Business

The future value of $100 received today and deposited at 6 percent for four years is: (Round to the nearest whole dollar)

A) $126 B) $79 C) $124 D) $116 E) $106

Business

Each partner has to a right to do all of the following without a partnership vote except: ______

A) take an equal part in transacting the business of the firm. B) receive compensation for any work done for the partnership. C) sell the firm's goods in the regular course of business. D)borrow money for firm purposes.

Business

Consumers will probably pay in large part for cleaning up our environment through increased taxes or increased product costs.

Answer the following statement true (T) or false (F)

Business