QTI $2\mathrm{.}1$ Entry Level Compliance Test: VE$\_$IP$\_01$

There are $10$ multiple$-$choice questions, each worth $1$ point. You have $20$ minutes to answer all questions. You only get one attempt.

$1$

Multiple Choice

$1$ point

Select the correct statement regarding fixed costs.

The fixed cost per unit decreases when volume increases.

Because they do not change, fixed costs should be ignored in decision making.

The fixed cost per unit does not change when volume decreases.

The fixed cost per unit increases when volume increases.