Given the Following Cost Data, What Type of Cost Is

question 195

Multiple Choice

Given the following cost data, what type of cost is shown?

• A) mixed cost
• B) variable cost
• C) fixed cost
• D) none of the above

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Definitions:

Expected Utility

A theory in economics that assesses how choices provide a certain level of satisfaction or utility to individuals, under conditions of uncertainty.

Expected Rate of Return

The profit or loss one anticipates on an investment that has various known or expected rates of return.

Variance

The measurement of the spread between numbers in a data set, indicating how much the numbers diverge from the average.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values, often used in finance to assess the volatility of an investment.