A Fixed Cost

question 67

Multiple Choice

A fixed cost:

• A) Requires the future outlay of cash and is relevant for future decision making.
• B) Does not change with changes in the volume of activity within the relevant range.
• C) Is directly traceable to a cost object.
• D) Changes with changes in the volume of activity within the relevant range.
• E) Has already been incurred and cannot be avoided so it is irrelevant for decision making.

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Definitions:

Community

A group of people with shared interests, values, or goals, often interacting within a shared space or platform.

Vertical Network

A specific type of social network or business network that connects participants within a particular industry or professional sector.

Niche Market

A niche market is a distinct segment of a larger market, characterized by a specific set of needs, preferences, or identity, often under-served by mainstream providers.