Which of the Following Is the Term for a Cost

question 128

Multiple Choice

Which of the following is the term for a cost that is part variable and part fixed?

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

Understand the historical primary role of business in an economic context.

Comprehend virtue ethics and its contrast with consequence-focused ethics.

Recognize the purpose and importance of a code of ethics within an organization.

Differentiate between operational and long-term strategic planning tools.

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Definitions:

Real Assets

Physical or tangible assets that have intrinsic value, such as real estate, commodities, or natural resources.

Coincidence of Wants

A situation in barter economies where two parties each possess an item the other wants, allowing for a direct exchange without the need for a medium of exchange like money.

Barter

The direct exchange of one good or service for another good or service.

Barter

A system of exchange where goods or services are traded directly for other goods or services without the use of money.