Cost-Volume-Profit Analysis Cannot Be Used If Which of the Following

question 97

Multiple Choice

Cost-volume-profit analysis cannot be used if which of the following occurs?

• A) Costs cannot be properly classified into fixed and variable costs.
• B) The total fixed costs change.
• C) The per-unit variable costs change.
• D) Per-unit sales prices change.

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Definitions:

Asceticism

A lifestyle characterized by abstinence from worldly pleasures, often for the purpose of pursuing spiritual goals.

Aristotle

An ancient Greek philosopher and scientist who made significant contributions to logic, metaphysics, ethics, politics, and natural sciences.

Hedonism

The conception of the good life that takes pleasure to be the ultimate good.

Ethical Relativism

The thesis that whatever a culture or a society holds about right and wrong is therefore correct, at least for members of that culture or society. See moral (or ethical) relativism.