A Cost That Has Both the Characteristics of Fixed Cost

question 72

Multiple Choice

A cost that has both the characteristics of fixed cost and variable cost is known as a

• A)sunk cost.
• B)discretionary cost.
• C)mixed cost.
• D)variable fixed cost.

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Definitions:

Obedience

A form of social influence where an individual follows the directives of an authority figure or the rules of society.

Norms

accepted standards or expectations that regulate behavior within a group or society.

Milgram's Studies

Milgram's studies were groundbreaking experiments conducted by Stanley Milgram in the 1960s to explore obedience to authority, demonstrating that people are willing to follow directions from an authority figure even to the extent of inflicting pain on another person.

Electric Shocks

A form of physical stimulation or punishment involving the application of electrical current to the body.