Costs That Remain Constant in Total Dollar Amount as the Level

question 25

Multiple Choice

Costs that remain constant in total dollar amount as the level of activity changes are called

• A) fixed costs
• B) mixed costs
• C) product costs
• D) variable costs

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Definitions:

Electronic Commerce Transactions

Business dealings conducted over electronic systems such as the internet, including buying and selling goods or services and the transfer of money.

Contract Elements

Essential components required for a legally binding contract, including offer, acceptance, consideration, capacity, and legality.

Uniform Electronic Commerce Act

Legislation aimed at standardizing and facilitating electronic transactions across jurisdictions.

UECA

Stands for Uniform Electronic Commerce Act; a set of laws intended to facilitate electronic commerce by giving legal recognition to electronic records and signatures.