A Cost That Remains Constant in Total but Varies on a Per-Unit

question 101

Multiple Choice

A cost that remains constant in total but varies on a per-unit basis with changes in activity is called a(n)

• A)expired cost.
• B)fixed cost.
• C)variable cost.
• D)mixed cost.

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Definitions:

Conveyance in Trust

A legal arrangement where property is transferred to a trustee for the benefit of another party, often used in estate planning and asset protection.

Intervivos Trust

A trust created during the lifetime of the settlor, allowing the settlor to transfer assets before their death for the benefit of designated beneficiaries.

Irrevocable Living Trust

A type of trust where the grantor transfers assets into the trust and relinquishes all rights to revoke or amend the trust, offering benefits for estate planning and asset protection.

Rescind

To revoke, cancel, or annul a contract, agreement, or resolution.