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:

Internally Driven

Motivated or influenced by factors within oneself or within an organization, such as internal goals, values, or missions, rather than external pressures or demands.

Challenging Goals

Objectives that are difficult to achieve, pushing individuals or organizations to stretch beyond their comfort zones and achieve superior results.

Marshal Resources

To marshal resources means to efficiently organize, assemble, and manage various types of resources, such as financial, human, and material, to achieve specific objectives.

Venture Creation

The process of initiating and developing a new business venture, typically involving innovative ideas and considerable risk.