Match each following terms with their correct description from the items listed below.
-May involve a long-term contract
A)Committed fixed cost
B)Discretionary fixed cost
C)Mixed cost
D)Step cost

Question

Quizplus · Accepted Answer

Committed fixed cost involves a long-term contract, such as a lease or a mortgage payment. It is a fixed cost that cannot be easily changed in the short term.

Match Each Following Terms with Their Correct Description from the Items