Which of the Following Factors Would Be Relevant in Classifying

question 78

Multiple Choice

Which of the following factors would be relevant in classifying costs as fixed or variable in a specific decision situation?

• A)if the time horizon is short or long
• B)the relevant range of the next best alternative situation
• C)the mix of revenues
• D)the sales mix
• E)if the time horizon is shorter in another alternative

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Definitions:

Involvement

The degree of interest and personal significance that a consumer attaches to a product, brand, or activity.

Motivation

Refers to the psychological processes that prompt and direct human behavior towards achieving certain goals or fulfilling needs.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, outlining a hierarchy of human needs from basic physiological needs to self-actualization.

Development Of Motives

The formation or evolution of reasons behind individuals' behaviors, driving them to act in certain ways.