Question: 21-8. A cost which changes in proportion to changes in volume of activity is called a: a.fixed cost b.controllable cost c.variable cost d.opportunity cost

21-8. A cost which changes in proportion to changes in volume of activity is called a: a.fixed cost b.controllable cost c.variable cost d.opportunity cost

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7. What does it mean when we say that the words we use to denote a situation set limits on the solutions we can create at a later point?

8. Give examples from your own everyday life that the reference point you use has significance for the actions you take.