Which Type of Cost Is Independent of the Volume of Production

question 16

Multiple Choice

Which type of cost is independent of the volume of production?

• A)inventory cost
• B)marginal cost
• C)sunk cost
• D)variable cost
• E)fixed charge

---

Definitions:

Tort of Deceit

A legal cause of action that arises when one party intentionally lies or misrepresents a material fact with the intent to deceive another, causing harm.

Guarantor

An individual or entity that agrees to be responsible for another's debt or performance under a contract, should the primary party fail to meet its obligations.

Principal Debtor

The main individual or entity responsible for repaying a debt or obligation.

Creditor

An individual, organization, or entity that lends money or extends credit to another party, expecting repayment.