_____________ Costs Are a Function of Time (Not Sales) and Are

question 21

Multiple Choice

_____________ costs are a function of time (not sales) and are generally contractual.

• A)fixed
• B)semi-variable
• C)operating
• D)variable
• E)none of the above

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Definitions:

Break-even Point

The point at which total costs and total revenue are equal, meaning no net loss or gain, and a key financial analysis metric for businesses.

Per Month Salary

The amount of monetary compensation provided to an employee by an employer, calculated and paid on a monthly basis.

Gross Profit

The financial profit a company makes after subtracting the costs of producing and selling its products from the revenue generated from sales.

Authoritative Management Style

A leadership approach characterized by clear directives and control by the manager over decisions and processes.