A Fixed Cost Remains Constant If Expressed on a Unit

question 60

True/False

A fixed cost remains constant if expressed on a unit basis.

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Definitions:

Social Security

A government program that provides financial assistance to individuals during retirement, disability, or upon the death of a breadwinner.

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Federal Income Tax

A tax levied by the government on the annual earnings of individuals, corporations, trusts, and other legal entities.