If Fixed Cost at Q = 100 Is $130, Then

question 67

Multiple Choice

If fixed cost at Q = 100 is $130, then

• A)fixed cost at Q = 0 is $0
• B)fixed cost at Q = 0 is less than $130
• C)fixed cost at Q = 200 is $260
• D)fixed cost at Q = 200 is $130
• E)it is impossible to calculate fixed costs at any other quantity

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Definitions:

Company Asset

Assets owned by a company, including both tangible and intangible resources, used in operating the business.

Internal Control

A process designed to provide reasonable assurance regarding the achievement of objectives related to operations, reporting, and compliance.

Safeguards

Measures or controls put in place to protect against unauthorized access, damage, or theft.

Assets

Resources owned by a company that have economic value and can be used to meet liabilities.