You Know a Cost Is a Fixed Cost If That

question 135

True/False

You know a cost is a fixed cost if that expense remains the same regardless of sales volume (such as the number of customers served or the units produced).

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Definitions:

Liable

Responsible by law; legally obligated to compensate for harm or damage caused by one’s actions or negligence.

Increases Amount

Refers to the act of raising the quantity or value of something.

Liable

Legally responsible or obligated.

Co-signs

Agrees to be equally responsible for the repayment of a loan or obligation, typically to help another person obtain credit.