Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

CIPS L4M5 Exam - Topic 3 Question 54 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 54
Topic #: 3
[All L4M5 Questions]

Which of the following are variable costs?

Show Suggested Answer Hide Answer
Suggested Answer: C

Competing is assertive and uncooperative, a power-oriented mode. When competing, an individual pursues his or her own concerns at the other person's expense, using whatever power seems appropriate to win his or her position. Competing might mean standing up for your rights, defending a position you believe is correct, or simply trying to win. Competing will not allow long-term relationship to flourish.

Compromising is intermediate in both assertiveness and cooperativeness. When compromising, the objective is to find an expedient, mutually acceptable solution that partially satisfies both parties. Compromising falls on a middle ground between competing and accommodating, giving up more than competing but less than accommodating. Likewise, it addresses an issue more directly than avoiding but doesn't explore it in as much depth as collaborating. Compromising might mean splitting the difference, exchanging concessions, or seeking a quick middle-ground position. It is a valid approach when long-term relationships are at stake and it is important to find some common ground on which to base an agreement. Both sides get something but not everything. Therefore, this is the most appropriate for this scenario.

Avoiding is unassertive and uncooperative. When avoiding, an individual does not immediately pursue his or her own concerns or those of the other person. He or she does not address the conflict. Avoiding might take the form of diplomatically sidestepping an issue, postponing an issue until a better time, or simply withdrawing from a threatening situation. In the scenario, both parties want to take the opportunity, then avoiding is not an appropriate solution.

Accommodating is unassertive and cooperative---the opposite of competing. When accommodating, an individual neglects his or her own concerns to satisfy the concerns of the other person; there is an element of self-sacrifice in this mode. Accommodating might take the form of selfless generosity or charity, obeying another person's order when you would prefer not to, or yielding to another's point of view. In the scenario, neither party shall concede all of their requirements, it is unnecessary to adopt this approach.

LO 1, AC 1.1


Contribute your Thoughts:

0/2000 characters
Richelle
6 months ago
Wait, are we sure about that insurance thing?
upvoted 0 times
...
Jannette
6 months ago
I agree, packaging varies with production!
upvoted 0 times
...
Bernardine
6 months ago
Rent and loan repayments are fixed costs, right?
upvoted 0 times
...
Alberto
7 months ago
I thought insurance was fixed?
upvoted 0 times
...
Nohemi
7 months ago
Packaging is definitely a variable cost!
upvoted 0 times
...
Berry
7 months ago
I’m really unsure about this. I thought insurance was fixed, but what if it changes based on sales?
upvoted 0 times
...
Elenor
7 months ago
Packaging definitely seems like a variable cost since it varies with the amount produced. I feel confident about that one!
upvoted 0 times
...
Blair
7 months ago
I remember we discussed fixed costs like rent and insurance, but I’m not sure about loan repayments. Are they considered variable?
upvoted 0 times
...
Salena
8 months ago
I think variable costs are those that change with production levels, right? So maybe packaging is one of them?
upvoted 0 times
...
Huey
8 months ago
I'm pretty confident rent and insurance are fixed costs, not variable. Packaging seems like the most likely variable cost here.
upvoted 0 times
...
Melissa
8 months ago
Okay, variable costs are the ones that change based on production or sales volume, right? Let me see which of these options fit that description.
upvoted 0 times
...
Azzie
8 months ago
Hmm, this is a tricky one. I'll need to think through the definitions of fixed and variable costs to determine the right answer.
upvoted 0 times
...
Jerry
8 months ago
I think I know the difference between fixed and variable costs, so I'll carefully consider each option and try to apply that knowledge.
upvoted 0 times
...
Merrilee
8 months ago
This looks like a straightforward question. I think the key is to find the solution that minimizes development effort, so I'll focus on the options that seem the most out-of-the-box.
upvoted 0 times
...
Sherron
8 months ago
Okay, I've got a strategy for this. Since the power user modified the dashboard, the updated version from the app upgrade won't overwrite their changes. So I'm guessing the updated dashboard won't be deployed globally, and the power user will still see their modified version.
upvoted 0 times
...
Wilbert
8 months ago
Okay, let me see. I know stocks and bonds can be traded over-the-counter, but what about options? I'll have to double-check that.
upvoted 0 times
...
Jovita
8 months ago
Creating a complex navigation system might seem impressive, but it's probably just going to frustrate visitors and make it harder for them to find what they're looking for. I'd steer clear of that option.
upvoted 0 times
...
Nettie
1 year ago
I'm gonna go with D. Packaging. The others are like the boring, grown-up version of costs. Packaging is the cool, hip one that changes with the times, you know?
upvoted 0 times
...
Kristofer
1 year ago
Easy peasy, it's D. Packaging. The other options are all static costs. Packaging is the only one that varies with the level of production. Boom, nailed it!
upvoted 0 times
Brandee
11 months ago
That's right, the other options are fixed costs.
upvoted 0 times
...
Linn
11 months ago
Exactly, packaging changes based on production levels.
upvoted 0 times
...
Cecily
11 months ago
Packaging is correct, it's a variable cost.
upvoted 0 times
...
Tawna
11 months ago
D) Packaging
upvoted 0 times
...
Margurite
11 months ago
C) Insurance
upvoted 0 times
...
Lavonda
11 months ago
B) Loan repayments
upvoted 0 times
...
Dahlia
12 months ago
A) Rent
upvoted 0 times
...
...
Daren
1 year ago
D. Packaging is the answer. The rest are overhead costs that don't fluctuate with output. Packaging is the only one that's directly tied to the amount of goods produced.
upvoted 0 times
Audria
11 months ago
Packaging is the answer. The rest are overhead costs that don't fluctuate with output. Packaging is the only one that's directly tied to the amount of goods produced.
upvoted 0 times
...
Tori
11 months ago
D) Packaging
upvoted 0 times
...
Virgina
11 months ago
C) Insurance
upvoted 0 times
...
Youlanda
11 months ago
B) Loan repayments
upvoted 0 times
...
Dong
11 months ago
A) Rent
upvoted 0 times
...
Suzi
12 months ago
That makes sense, packaging costs would change based on production levels.
upvoted 0 times
...
Kayleigh
1 year ago
Rent, loan repayments, and insurance are all fixed costs.
upvoted 0 times
...
Ben
1 year ago
Packaging is the only variable cost.
upvoted 0 times
...
...
Ozell
1 year ago
I'm not sure about insurance. It could be a fixed cost if it's a set monthly payment.
upvoted 0 times
...
Francisca
1 year ago
I'm going with D. Packaging. Rent, loan repayments, and insurance are all recurring, fixed costs. Packaging can change based on production volume.
upvoted 0 times
Jeannetta
1 year ago
I'm not sure, but I think loan repayments and insurance are fixed costs.
upvoted 0 times
...
Phil
1 year ago
I would say packaging and maybe rent could be variable costs.
upvoted 0 times
...
Tasia
1 year ago
I think packaging and maybe insurance could be variable costs.
upvoted 0 times
...
Beatriz
1 year ago
I agree with you, packaging is a variable cost.
upvoted 0 times
...
...
Bette
1 year ago
Hmm, I think D. Packaging is the only variable cost here. The others seem like fixed expenses to me.
upvoted 0 times
...
Micaela
1 year ago
I agree with Merlyn. Packaging costs can vary depending on how much product we need to package.
upvoted 0 times
...
Merlyn
1 year ago
I think packaging is a variable cost because it can change based on production levels.
upvoted 0 times
...

Save Cancel