A variable cost is a cost that
a. varies per unit at every level of activity.
b. occurs at various times during the year.
c. varies in total in proportion to changes in the level of activity.
d. may or may not be incurred, depending on management's discretion.
Answer: c. varies in total in proportion to changes in the level of activity.
Business
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Generally, departmental seniority is considered for determining layoffs
Indicate whether the statement is true or false
Business
The particular strategy of trying to offset stable inflows of cash from one country with outflows of cash in the same currency is known as:
A) hedging. B) diversification. C) matching. D) balancing.
Business