Total Fixed Costs Can Be Expressed as Y = Vx,where

question 236

True/False

Total fixed costs can be expressed as y = vx,where y = total variable cost,v= variable cost per unit of activity,and x = volume of activity.

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Definitions:

Trialability

Refers to the extent to which an innovation can be tested or experimented with on a limited basis before making a full-scale adoption decision.

Innovation

Innovation involves the introduction of something new, such as an idea, method, or device, aimed at improving processes, products, or services.

Diffusion

In a business context, the process by which a new idea, product, or practice spreads within an organization or society.

Diffuse or Die

A principle suggesting that spreading out or disseminating information, innovation, or individuals is critical for survival or success.