Which One of the Following Is Not a Type of Cost

question 28

Multiple Choice

Which one of the following is not a type of cost driver?

• A)Structural cost driver.
• B)Executional cost driver.
• C)Volume-Based cost driver.
• D)Differential cost driver.
• E)Activity-Based cost driver.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Elastic Demand

A situation where the quantity demanded of a good or service changes significantly in response to a change in price.

Total Revenue

The total amount of money a firm receives by selling goods or services.

Price Elasticity

A rating of the degree of demand fluctuation for an item as a consequence of variations in its price.