The Cost of Goods Sold Can Be Either Fixed or Variable

question 60

True/False

The cost of goods sold can be either fixed or variable.

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Definitions:

Transformational Change

Change in which the organization moves to a radically different, and sometimes unknown, future state.

Radically Different

Drastically unlike or divergent from what is traditional, standard, or expected.

Unknown Future

A reference to situations or outcomes that are uncertain or unpredictable.

Incremental Change

Change of a relatively small scope, such as making small improvements.