Fixed and Variable Costs

question 119

Multiple Choice

Fixed and variable costs:

• A)always change in the same proportion.
• B)are defined as variable or fixed for a specific activity for a given time period.
• C)are only defined for a specific activity and never for a given period of time.
• D)are only defined for a given period of time and not for a specific activity.
• E)are never useful to managers when they make cost decisions.

---

Definitions:

Coyotes

Medium-sized canids native to North America, known for their adaptability to varied habitats and resourcefulness, often symbolized in folklore and modern culture.

Sheep

Domesticated ruminant mammals, typically kept as livestock for their wool, meat, and milk, known for their flocking behavior.

CS

Conditioned Stimulus; in conditioning, a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

UCS

Unconditioned Stimulus refers to a stimulus that naturally brings about a particular response without a prior learning process.