A Cost That Has Both a Fixed and Variable Component

question 69

Multiple Choice

A cost that has both a fixed and variable component is best termed a:

• A)step-fixed cost.
• B)step-variable cost.
• C)semivariable cost.
• D)curvilinear cost.
• E)discretionary cost.

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Definitions:

Horizontally Structured

An organizational or systemic setup where all members have equal status and decision-making is collaborative, lacking a hierarchical command chain.

Vertically Structured

A rephrased definition for Vertical Structure: A system of organization where hierarchy dictates the arrangement and distribution of power and authority from higher to lower levels.

Attitudes

A learned tendency to evaluate things in a certain way, which can include people, issues, objects, or events.

Low-Balling

A sales tactic where an initially low price is offered to lure in customers, only to increase it by revealing additional costs or fees later.