Once the Criteria Have Been Established, the Team May Want

question 96

True/False

Once the criteria have been established, the team may want to use an evaluation scorecard.

---

Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales volume.

Relevant Range

The range of activity within which assumptions about variable and fixed cost behavior are valid.

Cost Behaviour

The way in which a cost changes or reacts in relation to changes in business activity levels.

Variable Selling Expenses

Sales-related costs that vary directly with the volume of sales, such as commissions and shipping charges.