Summing All of the Costs That Do Not Change as Output

question 130

Multiple Choice

Summing all of the costs that do not change as output varies yields

• A) variable costs.
• B) fixed costs.
• C) implicit costs.
• D) explicit costs.

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Definitions:

Delegation

The assignment of responsibility or authority from one person to another, usually from a manager to a subordinate, to carry out specific activities.

Sharing

The act of using, occupying, or enjoying something jointly with others, promoting a sense of community and cooperation.

Virtual Team

A group of individuals who work together from various geographic locations and rely on communication technology such as email and video conferences to collaborate.

Performs

The act of carrying out an action or fulfilling a role or function.