What Are Discretionary Fixed Costs

question 7

Multiple Choice

What are discretionary fixed costs?

• A) They vary directly and proportionately with the level of activity.
• B) They have a long-term planning horizon, generally encompassing many years.
• C) They are made up of plant, equipment, and basic organizational costs.
• D) None of these options.

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Definitions:

RUPA

The Revised Uniform Partnership Act, a set of laws designed to govern the operations of partnerships in the United States.

RUPA

The Revised Uniform Partnership Act, governing the operation of partnerships in the United States.

Partnership Agreement

A contract between business partners that outlines the terms of the partnership, including each partner's duties, profit sharing, and resolution of disputes.

Business Creditors

Entities or individuals to whom a business owes money or other financial obligations.