To Avoid the Problem of Allocating Fixed Costs as If

question 11

True/False

To avoid the problem of allocating fixed costs as if they are variable costs,the management accountant should carefully distinguish fixed costs from variable costs and they should never treat the fixed cost per unit as a variable cost.

---

Definitions:

Abraham Maslow

A psychologist known for creating Maslow's hierarchy of needs, a theory in psychology regarding human motivation.

Free Will

The concept that individuals have the ability to make choices that are not predetermined by past events, genetics, or environment.

Rollo May

An American existential psychologist who emphasized the importance of anxiety, love, and courage in human behavior.

Anxiety And Despair

Emotional states characterized by feelings of worry, nervousness, or unease and a sense of hopelessness or loss.