The Two Components of a Mixed Cost Are

question 115

Multiple Choice

The two components of a mixed cost are:

• A) Relevant costs and fixed costs
• B) Variable costs and opportunity costs
• C) Variable costs and relevant costs
• D) Variable costs and fixed costs

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Definitions:

Agenda

The list of topics discussed or presented at a meeting, in order of presentation.

Mediation

Intervention in a dispute in order to resolve it.

FICA

refers to the Federal Insurance Contributions Act tax, a United States federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, the disabled, and children of deceased workers.

Unemployment

A situation where an individual who is actively searching for employment is unable to find work.