As Sales Volume Increases in the Relevant Range,a Fixed Cost

question 77

Multiple Choice

As sales volume increases in the relevant range,a fixed cost does not change ________,but the fixed cost ________ becomes progressively smaller.

• A)per-unit; total
• B)in total; per-unit
• C)per-unit; per-unit
• D)in total; per year

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Definitions:

Net Financial Assets

The difference between a person's or entity's total financial assets and total financial liabilities.

Security

Financial instruments or assets held to back debts or investments, or as a means to ensure the fulfillment of financial obligations.

Insurance Contract

A legally binding agreement between an insurer and the insured, detailing the terms for the payment of claims under certain conditions.

Securities Act

A law or legislation that regulates the issuance and sale of securities to protect investors against misrepresentation, deceit, and other frauds.