Which of the Following Is the Term for a Cost

question 127

Multiple Choice

Which of the following is the term for a cost that changes in total in direct proportion to a change in volume?

• A) Fixed cost
• B) Variable cost
• C) Mixed cost
• D) Sunk cost

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Definitions:

Flatter Organizations

Organizations with fewer hierarchical levels, promoting faster decision-making, increased responsibility for employees, and often, more open communication paths.

Flexible

Capable of bending easily without breaking or able to be easily modified to respond to altered circumstances or conditions.

Less Bureaucratic

Referring to organizations or systems operating with fewer rules, formalities, and administrative procedures, aiming for greater flexibility and efficiency.

Servant Leader

A leadership philosophy which emphasizes the leader's primary role as serving the needs of their team members or employees.