Which of the Following Statements Most Accurately Explains the Behavior

Multiple Choice

Which of the following statements most accurately explains the behavior of costs?

A) There is no norm; rather, costs can be fixed, variable, or a combination of both.
B) The majority of costs are variable per unit of production.
C) The majority of costs are fixed per unit of production.
D) Costs can be fixed or variable but usually not a combination of both.