Fixed Costs That Are the Result of Previous Management Decisions

question 251

Multiple Choice

Fixed costs that are the result of previous management decisions that current managers have no control over in the short run are called ________ fixed costs.

• A)discretionary
• B)committed
• C)standard
• D)past

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Definitions:

Fields of Experience

Various domains or sectors where individuals or entities gather knowledge and proficiency over time through exposure and participation.

Communication Process

The series of steps through which a message is transmitted from a sender to a receiver, involving encoding, medium of transmission, decoding, and feedback.

Encoding

The process of converting information into a particular format for efficient transmission or storage, often used in digital communication and data processing.

Decoding

The process of interpreting or understanding messages or information received, often used in communication theory.