Any Cost That Varies in Proportion to a Business Activity

question 49

Multiple Choice

Any cost that varies in proportion to a business activity is a

• A)Fixed cost.
• B)Variable cost.
• C)Mixed cost.
• D)Step cost.

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Definitions:

Behaviours

The actions or reactions of a person or animal in response to external or internal stimuli.

Pay Grades

Categories of pay rates established to reflect differences in job complexity, responsibility, skills required, and market rates, intended to ensure fair and equitable pay.

Heavy-Duty Mechanic

A professional specialized in repairing, maintaining, and overhauling large machinery and vehicles that require robust engineering.

Job Description

A formal account of an employee's responsibilities, duties, and scope of work within an organization.