The Sum of Those Changing Expenses That Are Closely Related

question 36

Multiple Choice

The sum of those changing expenses that are closely related to output is called the

• A)total fixed cost.
• B)total cost.
• C)total overhead cost.
• D)total variable cost.
• E)None of these answers is correct.

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Definitions:

Closely Held

A company that has a limited number of shareholders and whose stocks are not publicly traded.

Publicly Held

Describes a company whose shares are traded openly on stock exchanges, allowing members of the general public to buy and sell shares.

Corporate Bylaws

The rules and procedures established by a corporation to govern its operations and management.

Internal Management

The processes, policies, and procedures that govern the day-to-day operations and decision-making within an organization or entity.