Fixed Costs

question 26

Multiple Choice

Fixed costs:

• A) are a constant percentage of sales revenues.
• B) vary with the level of depreciation expense.
• C) are constant with changes in the level of output.
• D) are inversely related to the level of output.

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Definitions:

Customer Service

The help and counsel furnished by an organization to individuals who acquire or engage with its offerings.

Brand Recognition

The degree to which customers can identify the brand under a variety of circumstances.

Transparency

Involves opening up the company to the outside world by making its practices, policies, and future plans available to customers.

Fill Rate

A metric that measures the percentage of an order shipped on time and complete.