Even When There Are No Sales, Total Costs Include Only

question 80

True/False

Even when there are no sales, total costs include only variable costs.

---

Definitions:

Administrative Costs

Expenses related to the general operation of an organization, such as salaries of non-production staff, office supplies, and utilities.

GDP

Gross Domestic Product, a financial measure representing the total market value of all final goods and services produced within a country in a given period.

Health Care

The maintenance or improvement of health via the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in people.

Two-tier System

A societal or organizational system where two distinct classes or groups have varying access to resources, rights, or services.