Fixed Costs Are Costs That Vary According to the Number

question 15

True/False

Fixed costs are costs that vary according to the number of units of product made or service sold. For instance, in the pharmaceutical market this would include plastic bottles to place the pills into.

---

Definitions:

Scientific Character

The composite of virtues, traits, and qualities associated with scientists, emphasizing rationality, skepticism, and objectivity.

Psychology

The scientific study of the mind and behavior, examining conscious and unconscious phenomena, as well as thought and emotion.

Evaluating Ideas

The process of critically assessing the merit, viability, or value of concepts or proposals.

Learning

The acquisition of knowledge or skills through experience, study, or being taught.