Some Costs Have Both a Fixed and a Variable Component

question 56

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:

Working Memory

An intellectual capacity system with limitations, meant for short-duration information retention for processing requirements.

Implicit

Something understood or implied without being stated openly; often refers to unconscious attitudes or beliefs.

Sensory

Relating to or involving the senses or sensation.

Procedural Memory

A type of long-term memory involved in the unconscious memory of skills and how to perform certain procedures.