Fixed Costs

question 155

Multiple Choice

Fixed costs:

• A)may include either direct or indirect costs
• B)vary with production or sales volumes
• C)include parts and materials used to manufacture a product
• D)can be adjusted in the short run to meet actual demands

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Definitions:

Parallel Circuit

An electrical circuit configuration where components are connected alongside each other, leading to the same voltage across all components but different current through each.

Inductive Reactance

The opposition that inductors present to current change in AC circuits, measured in Ohms.

Power Factor

A dimensionless number between -1 and 1 that represents the phase difference between the voltage and current in an alternating current (AC) electrical circuit.

Parallel Circuit

A circuit configuration where components are connected across each other's points, allowing multiple paths for the current to flow.