All Costs Are Either Fixed or Variable

question 5

True/False

All costs are either fixed or variable.That is, a cost cannot have a fixed and a variable component.

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Definitions:

Hawthorne Effect

A phenomenon where individuals modify an aspect of their behavior in response to their awareness of being observed.

Manager

A person responsible for controlling or administering an organization or group of staff.

Human Relations

The field of study that examines how communication and relationships between individuals and groups affect organizational behavior and performance.

Productivity

The efficiency with which an organization or individual converts inputs into outputs, often measured as the amount of goods or services produced per unit of input.