Which of the following is a true statement relating to step costs?
A)Step costs remain constant over only a small range of activity.
B)Step costs do not contain a fixed component.
C)Step costs are also referred to as fixed costs.
D)Step costs do not vary proportionately over a small range of activity.

Question

Quizplus · Accepted Answer

Step costs remain constant over a specific range of activity, and then jump to a different level once that range is exceeded.

Which of the Following Is a True Statement Relating to Step