Which of the Following Types of Costs Always Change in Total

question 81

Multiple Choice

Which of the following types of costs always change in total in proportion to changes in the level of activity of a firm?

• A) Opportunity costs
• B) Relevant costs
• C) Fixed costs
• D) Variable costs

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Definitions:

Indirect Means

Pertains to methods or approaches that are not straightforward or direct in achieving a goal or effecting outcomes, often involving secondary or less obvious pathways.

Mental Age

A measure of an individual's mental attainment based on the age at which it is normal for an individual to reach that level of mental capacity.

Developmental Level

A measure of an individual's growth or advancement in physical, cognitive, social, or emotional areas relative to age or stage expectations.

Intelligence Quotient

A measure of a person's intellectual abilities relative to others, based on standardized tests.