Which of the Following Best Describes a Fixed Cost

question 10

Multiple Choice

Which of the following best describes a fixed cost?

• A)It may change in total when such change is unrelated to changes in production volume.
• B)It may change in total when such change is related to changes in production volume.
• C)It is constant per unit of change in production volume.
• D)It may change in total when such change depends on production volume within the relevant range.

Understand the role of information technology in transforming HRM operational activities.

Recognize the service delivery models available for HR technology.

Identify the security features essential for protecting HR data.

Comprehend the types of HR reporting and analytics, including their purposes and differences.

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Definitions:

SWOT Analysis

A strategic planning tool that identifies Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Contingency Planning

The process of preparing for unforeseen events or emergencies by developing strategies in advance to handle and mitigate risks.

Market Penetration Strategy

A business approach aimed at increasing market share for an existing product, or promoting a new product, through aggressive marketing and sales tactics.

Question Marks

In a business context, 'question marks' refer to products or business units that have potential for growth but currently do not generate much revenue, often requiring significant investment to improve their market position.