Select the Appropriate Cost Behaviour for the Following Costs Incurred

question 80

Multiple Choice

Select the appropriate cost behaviour for the following costs incurred by a bicycle manufacturer.
-Cost of tires

• A)Variable
• B)Fixed

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Definitions:

Cultural Beliefs

Shared ideas that are accepted as true by a particular group of people, shaping their values, norms, and behaviors.

Practices

Commonly refers to habitual actions or behaviors that are a part of the daily lives of individuals or groups within a society.

Talcott Parsons

An influential American sociologist known for his theories on social action, systems theory, and the role of values in social order.

Goal-attainment Imperative

A concept in sociology and organizational theory indicating that organizations and societies mobilize resources and establish procedures to achieve specific goals.