Relevant Range Is the Range of Activity (Volume)over Which Total

question 143

True/False

Relevant range is the range of activity (volume)over which total fixed costs and variable costs per unit can be assumed to remain the same.

---

Definitions:

Frederick Herzberg

An American psychologist best known for introducing job enrichment and the Motivator-Hygiene theory, also known as the Two-Factor Theory of motivation.

Maslow's Hierarchy

A psychological health theory based on meeting inherent human needs in order of importance, leading to the ultimate goal of self-actualization.

Physiological Needs

Fundamental human requirements for survival, such as food, water, shelter, and sleep, as identified in Maslow's hierarchy of needs.

Safety Needs

A level in Maslow's hierarchy of needs that entails security, safety, and stability in one’s physical and emotional environment.