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Worldatwork Discussions
Exam CECP Topic 4 Question 72 Discussion
Worldatwork Exam CECP Topic 4 Question 72 Discussion
Actual exam question for Worldatwork's CECP exam
Question #: 72
Topic #: 4
[All CECP Questions]
Regarding fixed and variable costs, what are Finance's primary concerns?
A
Fixed costs must be kept to a minimum, but variable costs can fluctuate since they tend to correlate with revenue.
B
Variable costs often have a heavier focus than fixed costs, which applies to all areas, including compensation.
C
Fixed costs and variable costs are equally important and both should be kept to a minimum.
D
Fixed costs are not a concern because they cannot be changed, so the focus is primarily on variable costs.
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B
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Sep 14, 2024, 01:37 PM
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Cristy
2 months ago
I agree with C. Gotta keep a tight grip on both fixed and variable costs. Can't just ignore the fixed ones just because they're 'fixed'.
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Amie
2 months ago
Haha, D is a funny one. Fixed costs can't be changed? That's like saying I can't change my monthly rent. Clearly C is the way to go - both need to be minimized.
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Valentin
2 months ago
Variable costs are definitely the focus in finance. B seems like the best option here.
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Mozell
1 months ago
Keeping variable costs in check is key for financial success.
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Elfrieda
1 months ago
Fixed costs are important too, but variable costs can have a bigger impact.
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Tamesha
1 months ago
Yes, B is the best option because variable costs are often the main focus.
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Hailey
2 months ago
I agree, variable costs are crucial in finance.
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Titus
3 months ago
I believe both fixed and variable costs should be kept to a minimum to ensure financial stability.
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Luz
3 months ago
I agree with Gaynell, but variable costs are also important since they can fluctuate with revenue.
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Nada
3 months ago
I think A is the correct answer. Fixed costs need to be monitored closely, but variable costs are more flexible and can be adjusted based on revenue.
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Ligia
3 months ago
Yes, variable costs can be adjusted to optimize revenue.
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Mabel
3 months ago
I agree, fixed costs should be minimized to improve profitability.
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Gaynell
3 months ago
I think Finance's primary concern is to keep fixed costs to a minimum.
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a
Cristy
2 months agoAmie
2 months agoValentin
2 months agoMozell
1 months agoElfrieda
1 months agoTamesha
1 months agoHailey
2 months agoTitus
3 months agoLuz
3 months agoNada
3 months agoLigia
3 months agoMabel
3 months agoGaynell
3 months ago