Which of the Following Statements Is Incorrect

question 103

Multiple Choice

Which of the following statements is incorrect?

• A) Fixed costs do not vary with output.
• B) Sunk costs are those costs that are forever lost after they have been paid.
• C) Fixed costs are always greater than sunk costs.
• D) Fixed costs could be positive when sunk costs are zero.

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Definitions:

Incompetence

A lack of ability, skill, or qualification to perform effectively.

Depression

An ailment relating to mental health, defined by an enduring state of unhappiness or apathy towards activities, that substantially hampers normal life.

Psychotic Disorder

A psychological disorder in which a person loses contact with reality, experiencing irrational ideas and distorted perceptions.

Diagnostic Labels

Terms used to categorize and describe symptoms that cluster together, aiding healthcare professionals in identifying and treating mental health conditions or illnesses.