Fixed Costs

question 44

Multiple Choice

Fixed costs:

• A) vary directly with changes in activity level.
• B) in total remain unchanged as activity levels change.
• C) vary on a per unit basis.
• D) B and C

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Definitions:

Poorest Quintile

The segment of the population that falls in the bottom 20% in terms of income distribution.

Income

Income is the money received, especially on a regular basis, for work or through investments.

Classified As Poor

A designation for individuals or households whose income falls below the poverty line, making it difficult to meet basic life needs.

Money Income

The total amount of money earned or received by a person or household before taxes and deductions, from all sources.