Discretionary Fixed Costs

question 50

Multiple Choice

Discretionary fixed costs:

• A) vary directly and proportionately with the level of activity.
• B) have a long-term planning horizon, generally encompassing many years.
• C) are made up of plant, equipment, and basic organizational costs.
• D) None of these.

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Definitions:

Single Parenting

Single parenting refers to the act of raising one or more children without the assistance of the other biological parent within the home.

Lenski's Classification

A sociological framework proposed by Gerhard Lenski that categorizes societies based on their technological advancement and economic systems, ranging from pre-industrial to post-industrial stages.

Subsistence Patterns

The means by which societies obtain food and other necessities for survival, including hunting, gathering, agriculture, or trade.

Social Inequality

A condition where societal resources and opportunities are unevenly distributed among different groups based on characteristics like race, gender, income, etc.