Costs Incurred Regardless of How Many Units of a Product

question 49

True/False

Costs incurred regardless of how many units of a product are produced or sold are called fixed costs.

---

Definitions:

Social Facilitation

The tendency for individuals to perform differently when in the presence of others than when alone, typically improving performance on simple or well-practiced tasks.

Social Loafing

The tendency of individuals to exert less effort when working in a group than when working alone.

Social Norm

Unwritten rules or expectations for behavior in a given society or group that guide and constrain individual behavior, promoting social order and cohesion.

Drink Coffee

The act of consuming a beverage made by brewing roasted and ground beans from the Coffea plant.