________ costs require the payment of a specified amount in each accounting period.
A) Operating
B) Variable
C) Semi-variable
D) Fixed

Question

Quizplus · Accepted Answer

Fixed costs require the payment of a specified amount in each accounting period, regardless of the level of activity or production. Operating costs refer to the expenses incurred in the day-to-day operations of a business, including both fixed and variable costs. Semi-variable costs are partially fixed and partially variable, and their total cost changes as production or activity levels change. Variable costs, on the other hand, change in proportion to the level of production or activity.

________ Costs Require the Payment of a Specified Amount in Each