A Cost That Has Both a Fixed and Variable Component

question 46

Multiple Choice

A cost that has both a fixed and variable component is called a(n) :

• A) step cost.
• B) mixed cost.
• C) irrelevant cost.
• D) relevant cost.

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Definitions:

Standard Deviations

Standard deviations are a measure of the amount of variation or dispersion in a set of values, indicating how much the values in a dataset deviate from the mean on average.

GMAT Scores

The results or scores obtained from taking the Graduate Management Admission Test, a standardized test for MBA admissions.

Standard Deviation

The standard deviation is a measure of the amount of variation or dispersion of a set of values.

Dispersed Distribution

A distribution where the values of the dataset are spread out or scattered widely.