1) When sales go up, Total Fixed Costs (TFC) will go up?

Select one:

True

False

2) When sales go down, Unit Fixed Cost (UFC) will go up?

Select one:

True

False

3) When sales go up, Total Variable Costs (TVC) will go up?

Select one:

True

False

4) When sales go down, Unit Variable Costs (UVC) will stay the same?

Select one:

True

False

5) When sales go down, Total Fixed Cost (TFC) will stay the same?

Select one:

True

False

6) Relevant cost is also called sunk cost?

Select one:

True

False

7) Differential cost is the difference in cost between one course of action and another?

Select one:

True

False

8) Opportunity costs can be described as costs that have already been incurred, and cannot be changed at the present?

Select one:

True

False

9) Contribution Rate and Variable Rate have an inverse (as one goes up the other has to go down) relationship?

Select one:

True

False

10) Variable Rate (VR) can be greater than 1?

Select one:

True

False