Which of the Following Is the Term for a Cost

question 98

Multiple Choice

Which of the following is the term for a cost that changes in total in direct proportion to a change in volume?

• A)Sunk cost
• B)Fixed cost
• C)Variable cost
• D)Mixed cost

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Definitions:

Working Model

A preliminary version of a product or system used to demonstrate or test concepts before final production.

Organized Knowledge

Information or data that has been systematized and arranged systematically, often for easier understanding, use, or study.

Solve Problems

The process of identifying, analyzing, and finding solutions for issues or challenges, utilizing systematic and creative approaches.

Abstract Knowledge

Conceptual understanding or awareness that is not based on physical or concrete experiences but involves thinking about ideas and principles.