A Cost That Changes in the Same Direction and Proportion

question 65

Multiple Choice

A cost that changes in the same direction and proportion to changes in operating activity is a

• A)fixed cost.
• B)proportional cost.
• C)variable cost.
• D)variable receipt.

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Definitions:

Legal Relief

Assistance or redress provided to a party in a legal dispute, through methods such as monetary compensation, injunctions, or declaratory judgments.

Fair Housing Act

A U.S. law passed in 1968 that prohibits discrimination in the buying, selling, renting, or financing of housing based on race, religion, national origin, or sex.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Housing Market

An economic segment that deals with the buying, selling, and leasing of properties, including houses and apartments.