Which of the Following Is the Term for a Cost

question 121

Multiple Choice

Which of the following is the term for a cost that does NOT change in total despite wide changes in volume?

• A) Fixed cost
• B) Variable cost
• C) Mixed cost
• D) Sunk cost

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Definitions:

Chain of Command

A system that establishes authority and accountability in an organization by assigning each member a specific rank and a clear line of superiors and subordinates.

Task Controls

Mechanisms or procedures set in place to direct, manage, and monitor the completion of tasks.

Organization Chart

A visual representation of the hierarchical structure of an organization, detailing departments, positions, and relationships.

Exercises Power

The act of utilizing control or authority to influence others or outcomes in various contexts.