A Mixed Cost Is Partially Variable and Partially Fixed

question 163

True/False

A mixed cost is partially variable and partially fixed.

---

Definitions:

Legal Entity

An organization or structure that is recognized by law as having rights and responsibilities, such as a corporation, partnership, or trust.

Stock

Shares of ownership in a company, representing a claim on the company's assets and earnings.

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns.

Board of Directors

Members selected by the corporation's shareholders to govern and decide on important matters concerning the company's administration.