An Example of a Mixed Cost Is

question 44

Multiple Choice

An example of a mixed cost is:

• A)monthly rent payments.
• B)manager's salary.
• C)monthly electric bill.
• D)direct materials.
• E)none of these are mixed costs.

Recognize and list various types of short-term managerial decision tasks.

Understand the importance of conciseness and reader-centeredness in business communication.

Identify and differentiate between effective and ineffective features of business communication.

Recognize the role of cultural sensitivity and clear language when communicating with non-English speakers.

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, leading to a reduction in the per-unit cost of production as the size of the operation grows.

Product Variety

Refers to the assortment of different goods and services that a firm offers to its customers, highlighting the diversity within a product line.

Welfare Enhancing

Activities, policies, or strategies that contribute to an improvement in the general well-being and quality of life of individuals or communities, often through the provision of public goods or redistribution of resources.

ATC

Average Total Cost; the total cost of production divided by the total output produced.