Which of the Following Statements Is TRUE About Fixed and Variable

question 38

Multiple Choice

Which of the following statements is TRUE about fixed and variable costs?

• A)Both costs are constant when considered on a per-unit basis.
• B)Both costs are constant when considered on a total basis.
• C)Fixed costs are constant in total and variable costs are constant per unit.
• D)Variable costs are constant in total and fixed costs are constant per unit.

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Definitions:

Auto Accident

An unexpected event involving vehicles that results in damage or injury.

Contradictions

Contradictions involve statements or propositions that are in opposition to one another, which can arise in legal arguments and need to be resolved.

Hearsay Rule

A legal principle that excludes the use of statements made outside the court to prove the truth of the matter asserted, due to concerns over their reliability.

Exceptions

Instances or conditions that deviate from the general rule or law.