If a Business Ignores Some of Its Fixed Costs as Irrelevant

question 100

Multiple Choice

If a business ignores some of its fixed costs as irrelevant to its production decision, this type of cost is termed:

• A) implicit costs
• B) explicit costs
• C) development costs
• D) sunk costs

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Definitions:

Swap File

A space on a hard drive used by an operating system to simulate additional RAM by temporarily holding data that is not currently being used in RAM.

RAM

A type of volatile computer memory where data can be accessed in any order, no matter where it is located, vital for tasks requiring fast access to large volumes of data.

Compressed Files

Files that have been reduced in size through data compression algorithms to save storage space or speed up file transfer.

Image

A visual representation of something, such as a photograph or illustration, which can be captured or created digitally.