As a Type of Technology,__________ Centers on Large- Batch Production

question 79

Multiple Choice

As a type of technology,__________ centers on large- batch production and requires moderate levels of complexity and sophistication.

• A) service production
• B) process production
• C) unit production
• D) mass production

---

Definitions:

Fixed Cost

A periodic cost that does not vary with production volume or sales.

Variable Costs

Costs that change in proportion to the level of production or sales in a business.

Contribution Rate

The percentage of income that is saved or contributed to a retirement plan by an individual or employer.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales. Examples include rent, salaries, and insurance premiums.