Costs That Change as Output Changes

question 10

Multiple Choice

Costs that change as output changes:

• A)fixed cost
• B)variable cost.
• C)sunk cost.
• D)overhead cost.
• E)is defined by none of the above.

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Definitions:

Note

A financial security that denotes a debt and is commonly used in agreements to specify terms of borrowing or promises to pay back a debt under specified conditions.

Balance

A state of equilibrium or equal distribution of weight, elements, or interests.

Harvest Strategy

A business plan for either selling a company, shutting down operations, or passing it onto another generation, often after reaching a certain level of maturity or profitability.

Venture-Building

The process of creating new businesses, typically by entrepreneurs or corporations, to explore new market opportunities.