Asked by
Jspazz TheGreat
on Oct 10, 2024
Verified
Fixed costs may be relevant in a decision.
Fixed Costs
Costs that do not change in total with changes in the volume of production or sales, such as rent, salaries, and insurance.
Relevant
Pertaining to something that is closely connected or appropriate to the matter at hand, especially in decision making or problem-solving.
Decision
The act of making a choice among various alternatives.
- Recognize the function that variable and fixed expenses play in a range of decision contexts.
Verified Answer
AB
Learning Objectives
- Recognize the function that variable and fixed expenses play in a range of decision contexts.