Asked by
Olivia Fears
on Nov 19, 2024Verified
Fixed costs may be relevant in a decision.
Fixed Costs
Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance premiums.
Relevant
Pertinent or closely connected to the matter at hand, often used in the context of information or data.
- Assess the significance of variable and fixed costs within particular decision-making scenarios.
Verified Answer
D_
Learning Objectives
- Assess the significance of variable and fixed costs within particular decision-making scenarios.