A Mixed Cost Has Characteristics of Both a Variable Cost

question 93

True/False

A mixed cost has characteristics of both a variable cost and a fixed cost.

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Definitions:

Check-off

A procedure where an employer deducts union dues or other fees from an employee's wages and transfers them directly to the union or relevant body.

Maintenance of Membership

A labor union rule that requires workers to maintain union membership as a condition of employment.

Certification

The process of officially recognizing someone or something as meeting certain standards or qualifications.

Arbitration

A method of dispute resolution where an independent third party reviews the case and makes a decision that can be binding or non-binding.