A Cost That Changes with the Level of Output Is

question 33

Multiple Choice

A cost that changes with the level of output is called a(n) _____ cost.

• A) liquidity
• B) variable
• C) fixed
• D) asset
• E) elastic

Appreciate the role of vision in management and how it influences employee behavior and organizational direction.

Understand the strategic aspects of staffing in achieving organizational goals.

Insight into the processes and benefits of encouraging innovative thinking in an organization.

Recognize the importance of monitoring and controlling as part of the managerial process.