Which of the Following Most Accurately Explains the Behaviour of Costs

question 42

Multiple Choice

Which of the following most accurately explains the behaviour of costs?

• A) The majority of costs are fixed per unit of production.
• B) The majority of costs are variable per unit of production.
• C) Costs can be fixed or variable but not a combination of both.
• D) There is no norm; costs can be fixed, variable or a combination of both.

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Definitions:

Hyponatremia

A condition characterized by low concentrations of sodium in the blood.

Tetany

A condition characterized by severe muscle cramps and spasms caused by an imbalance in calcium levels or other electrolytes in the body.

Endocrine Glands

Glands of the endocrine system that release hormones directly into the bloodstream to regulate bodily functions.

Kidneys

A pair of organs located in the abdominal cavity, responsible for filtering waste from the blood and producing urine.