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.

---

Definitions:

Management By Exception

A management strategy where only significant deviations from set standards or objectives are brought to the attention of management.

Strategic Marketing Process

A systematic approach to identifying and achieving long-term marketing goals through careful planning and execution.

Business Judgment Rule

The reluctance of the court to interfere with decisions of a board of directors.

Corporate Information

Data and details related to the operations, management, and financial status of a company.