Question: Select the description from the list provided that best matches the following term. Fixed cost Multiple Choice A cost that changes in total in direct
Select the description from the list provided that best matches the following term.
Fixed cost
Multiple Choice
A cost that changes in total in direct proportion to changes in volume
A company's cost mix or relative proportion of variable and fixed costs to total costs
A factor that causes or drives changes in costs
The difference between a company's sales revenue and its variable costs
The way a cost changes relative to change in a measure of activity
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
