Suppose Your Cell Phone Company Offers a Plan Under Which

question 3

Multiple Choice

Suppose your cell phone company offers a plan under which you can buy time in blocks of 100 minutes.Every 100-minute block costs $15.If you use 101 minutes you will pay $30.This is an example of a

• A)variable cost
• B)mixed cost.
• C)fixed cost.
• D)step cost.

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Definitions:

Code of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.

Business

An enterprise or company participating in market, industry, or specific professional operations.

Business Activity

Engagements or actions undertaken by individuals or companies to produce, sell, or distribute goods or services in pursuit of profits.

Laws

The system of rules that are recognized as regulating the actions of a country's or community's members and enforced by the imposition of penalties.