Fixed Cost Is Sometimes Referred to as

question 112

Multiple Choice

Fixed cost is sometimes referred to as

• A)sunk cost.
• B)variable cost.
• C)total cost.
• D)economic cost.
• E)accounting cost.

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Definitions:

Federal

Pertaining to a system of government where power is divided between a central authority and constituent political units, such as states or provinces.

Unitary

A system of government where all the powers rest in a single, central authority.

Confederal

A confederal system, also denoted, is a political structure where independent states join together for certain purposes but maintain their sovereignty, often seen in the handling of common defense or foreign policy.

Sovereign Powers

The ultimate authority or power of a state to govern itself or another state, including making and enforcing laws, without external interference.