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:

Confidence Interval

An estimated range based on sample data within which a population parameter is expected to lie, with a given degree of certainty.

Adults

Individuals who have reached the age of maturity, typically defined by legal, social, or biological benchmarks.

Smoke

The visible result of combustion, consisting of particulate matter, gases, and water vapor released into the air.

Confidence Interval

A range of values derived from sample data that is likely to cover the true value of an unknown population parameter, expressed at a given confidence level (e.g., 95%).