The Difference Between Fixed and Variable Costs Is That

question 129

Multiple Choice

The difference between fixed and variable costs is that:

• A)variable costs move up and down with changes in sales while fixed costs remain constant.
• B)variable costs are only found in factory operations while fixed costs occur only in expenses.
• C)fixed costs are the costs of fixed assets, everything else is a variable cost.
• D)Both a and b

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Definitions:

Religious Toleration

The practice of allowing and accepting religious beliefs and practices that differ from one's own, often within a society or a state.

Economic Independence

The state of having sufficient personal wealth to live, without having to depend on income from some form of employment.

Genuine Freedom

The authentic state of being free from undue or oppressive restrictions imposed by authority on one's way of life, behavior, or political views.

Market Revolution

A period of rapid economic change in the United States during the 19th century, marked by the expansion of capitalism, the development of infrastructure, and the increase of labor and consumer markets.