Costs That Remain Fixed Over Wide Ranges of Activity but Jump

question 13

Multiple Choice

Costs that remain fixed over wide ranges of activity but jump to a different amount outside that range are called:

• A) step-fixed costs.
• B) step-variable costs.
• C) semivariable costs.
• D) curvilinear costs.

---

Definitions:

Legacy Companies

Established companies with a long history that often face challenges adapting to new technologies or market changes.

Luxury Fashions

High-end, often designer-made, clothing and accessories that symbolize status and wealth.

E-Commerce

The buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

The Internet

A vast global network of connected computers and servers that facilitate the exchange of data, communication, and access to information.