Which of the Following Is Not True of Presumptions

question 38

Multiple Choice

Which of the following is not true of presumptions?

• A) They save time.
• B) They are good for public policy.
• C) They are essential for effectiveness in government.
• D) none of the above (they are all true)

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Definitions:

Maintenance Cost

Expenses incurred in keeping property, equipment, or machinery in efficient operating condition, including both preventive and corrective measures.

Relevant Range

The span of activity levels within which the assumptions made about cost behavior in cost-volume-profit analysis remain valid.

Average Costs

The total costs (fixed and variable) divided by the total output production, giving a per unit cost of production.

Fixed Manufacturing Cost

The portion of total manufacturing costs that does not change with the level of production, such as rent, insurance, and salaries of permanent staff.