Which of the Following Would Be Classified as a Fixed

question 46

Multiple Choice

Which of the following would be classified as a fixed cost for the local supermarket?

• A)the rent from the six-year lease on the building where the store is located
• B)the cost of the boxes of cereal sold in the supermarket
• C)the salary paid to the store's manager
• D)the overtime paid to the store's manager
• E)the Canada Pension payments that the supermarket makes to the government on the workers' income

---

Definitions:

Sold

The completed sale of goods or services from one party to another, transferring ownership.

Probability

A mathematical measure indicating the likelihood or chance of a specific event occurring, ranging from 0 (impossible) to 1 (certain).

Quarter

A period of three months used in financial and business sectors for reporting, forecasting, and dividing the fiscal year.

Tails

The extreme ends of a distribution, representing outcomes that are far from the central peak of the distribution.