Fixed Costs

question 14

Multiple Choice

Fixed costs:

• A)may be either direct or indirect costs.
• B)vary with production or sales volume.
• C)include parts and materials used to manufacture a product.
• D)can be adjusted in the short run to meet actual demands.

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Definitions:

Self-actualization

Fulfilling one's capabilities and realizing personal potential, regarded as an essential urge or demand within each person.

Abraham Maslow

A psychologist best known for creating Maslow's hierarchy of needs, a theory in psychology about human motivation based on prioritized needs.

Belonging

The feeling of being accepted and included within a group or community, contributing to a person's sense of identity and emotional well-being.

Maslow

Abraham Maslow was an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.