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:

Testosterone

A steroid hormone produced primarily in the testes of males and the ovaries of females, playing a key role in the development of male reproductive tissues and secondary sexual characteristics.

Innate

A characteristic, ability, or quality that is present from birth, not acquired or learned.

Biology

The scientific study of life and living organisms, including their structure, function, growth, evolution, and distribution.

Environment

The natural world or ecosystem in which living organisms exist and interact, or the surroundings or conditions in which a person, animal, or plant lives or operates.