Which of the Following Statements Is Incorrect

question 103

Multiple Choice

Which of the following statements is incorrect?

• A) Fixed costs do not vary with output.
• B) Sunk costs are those costs that are forever lost after they have been paid.
• C) Fixed costs are always greater than sunk costs.
• D) Fixed costs could be positive when sunk costs are zero.

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Definitions:

Moral Development

The method by which people cultivate appropriate feelings and actions towards others within a community, in accordance with societal and cultural standards, regulations, and legislation.

Gilligan

Carol Gilligan is a psychologist best known for her work on ethical community and ethical relationships, and certain criticisms of Kohlberg's stages of moral development.

Kohlberg

A theorist known for his work in the development of moral reasoning, proposing that moral development progresses through a series of stages.

Conventional

Based on or in accordance with what is generally done or believed.