A Characteristic of a Variable Cost Is

question 48

Multiple Choice

A characteristic of a variable cost is

• A)the total cost varies in proportion to changes in the level of activity.
• B)the cost per unit remains constant,regardless of the level of activity.
• C)both that the total cost varies in proportion to changes in the level of activity and that the cost per unit remains constant,regardless of the level of activity.
• D)neither that the total cost varies in proportion to changes in the level of activity nor that the cost per

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Definitions:

Chief Executive Officer

The highest-ranking officer in a company or organization, who is responsible for making major corporate decisions.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, typically responsible for paying their own taxes and benefits.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make key decisions for a corporation.

Liability

Refers to legal responsibility for one's actions or omissions, typically resulting in the obligation to pay damages or compensation.