Some Costs Have Both a Fixed and a Variable Component

question 24

Multiple Choice

Some costs have both a fixed and a variable component.These costs are referred to as

• A)Discretionary costs.
• B)Committed costs.
• C)Mixed costs.
• D)Step costs.

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Definitions:

Span of Control

The number of direct reports or subordinates a manager or leader can effectively oversee or manage.

Autocratic Decisions

Choices made without input from others, where the decision-maker has full control over the final outcome.

Upper-level Managers

Senior executives responsible for making strategic decisions and overseeing the entire organization's direction.

Enhancer

A substance or factor that increases the effectiveness or strength of a given outcome.