Which of the Following Statements About Variable and Fixed Expenses

question 13

Multiple Choice

Which of the following statements about variable and fixed expenses, as they relate to relevance, is/are true?
i. Variable expenses may or may not be relevant costs.
ii. Variable expenses are always relevant.
iii. Fixed expenses are never relevant.

• A) i
• B) i and iii
• C) iii
• D) ii and iii

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Definitions:

Principled Behavior

Actions guided by a set of moral values, showing consistency and integrity in ethical decision making.

Domain-Specific

Relating to a specific area of activity, interest, or knowledge, rather than being general or widespread.

Reciprocal Socialization

A dynamic process whereby individuals, such as parents and children, mutually influence and socialize each other's behaviors and understandings.

Environmental Factors

External elements, including physical, social, and cultural conditions, that can influence an individual's health, behavior, and development.