Question: costs 21. Operating costs that do not change when production levels change are called a. variable b. lumpy c. direct d. fixed e. forecasting 22.

costs 21. Operating costs that do not change when production levels change are called a. variable b. lumpy c. direct d. fixed e. forecasting 22. Everything else equal, a firm that has excess capacity generally requires more external financing to support increases in operations than a firm that operates at full capacity. a. True b. False

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