Which of the Following Statements Describes Variable Costs

question 44

Multiple Choice

Which of the following statements describes variable costs?

• A)They are fixed per unit and vary in total.
• B)They are fixed in total.
• C)They vary per unit of output.
• D)They decrease per unit as production volume increases.

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Definitions:

Scripted Knowledge

Information stored in the brain as scripts, representing sequences of events or actions, often applied in understanding social situations or routines.

Precausal Stage

A stage in cognitive development where children's reasoning is not yet logical and is based on superficial appearances rather than causal connections.

Script

In cognitive psychology, a script is a structured sequence of expected behaviors, actions, or events that guides individuals' understanding and interaction with the world.

Routine Events

Regular, predictable activities or occurrences that form part of a daily or usual schedule.