A Cost That Remains the Same in Total Even When

question 6

Multiple Choice

A cost that remains the same in total even when volume of activity varies is a:

• A) Fixed cost.
• B) Curvilinear cost.
• C) Variable cost.
• D) Step-wise variable cost.
• E) Standard cost.

---

Definitions:

Cash Flow

The sum of net income plus any noncash expenses, such as depreciation and amortization, or the difference between the actual amount of cash a company brings in and the actual amount of cash a company disburses in a given time period.

Regular Duties

These are the usual tasks or responsibilities assigned to a person in their job or role.

Takeoff Stage

Refers to the phase in a country's economic development where growth becomes rapid and self-sustaining, often marked by increases in productivity and investment.

Professional Management

The managerial process conducted by an individual or a team who are trained and skilled in planning, execution, and supervision of business operations.