A Cost That Remains Unchanged in Total Despite Variations in Volume

question 77

Multiple Choice

A cost that remains unchanged in total despite variations in volume of activity within a relevant range is a:

• A)Fixed cost.
• B)Curvilinear cost.
• C)Variable cost.
• D)Step-wise variable cost.
• E)Standard cost.

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Definitions:

Recovery

The process of regaining possession or control of something lost or taken away, or the period of economic rebound following a recession or downturn.

Cash Payback Period

The time period required for an investment to generate cash flows to recover the initial investment cost.

Capital Investment

Funds invested in a business with the expectation of future returns, often in the form of physical assets or capital expenditures.

Recovery

The process of regaining possession or control of something stolen or lost, or the process of returning to a normal state of health, mind, or strength.