The Difference Between Variable Costs and Fixed Costs Is (CMA

question 70

Multiple Choice

The difference between variable costs and fixed costs is (CMA adapted)

• A) Unit variable costs fluctuate and unit fixed costs remain constant.
• B) Unit variable costs are fixed over the relevant range and unit fixed costs are variable.
• C) Total variable costs are constant over the relevant range, while fixed costs change in the long-term.
• D) Total variable costs are variable over the relevant range but fixed in the long-term, while fixed costs never change.

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Definitions:

Glass Ceiling

An invisible barrier preventing minorities and women from rising to upper levels of management or leadership despite their qualifications.

Top-down Barrier

Obstacles to progress or communication that originate from higher levels in a hierarchical structure, affecting those at lower levels.

Occupational Advancement Bias

The unequal opportunity for promotion or advancement in a workplace, often influenced by gender, race, or other personal characteristics rather than merit or abilities.

Old-boy Network

An informal system of support and information sharing among professionals or alumni of certain institutions, often excluding those outside the group.