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The WHO developed scenarios for the future, by looking at challenges that have arisen in recent years. Which of the following was not one of the three crises they focused on?
Variable Costs
Expenses that vary in direct proportion to changes in activity levels or volumes, such as raw materials and direct labor costs.
Fixed Costs
Costs that remain constant in total regardless of changes in the activity level within a relevant range.
Fixed Costs
Costs that do not vary with the level of output or sales in the short term, such as lease payments, insurance, and salaries of permanent staff.
Variable Costs
Costs that change in proportion to the level of production or sales volume.
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