Mixed Costs

question 36

Multiple Choice

Mixed costs:

• A) Consist of fixed and variable costs
• B) Are constant in total
• C) Consist of the variable portion of all costs
• D) Have a constant per-unit value

---

Definitions:

Unaudited Financial Statements

Financial reports not examined and verified by an independent third party (an auditor).

Liable

Responsible by law; legally answerable.

Foreseeable

Foreseeable refers to the ability to predict or anticipate an event or outcome based on current knowledge or reasoning.

Negligence

The failure to exercise the level of care that a reasonably prudent person would in similar circumstances, leading to harm or damage.