Fixed Costs Include

question 113

Multiple Choice

Fixed costs include:

• A) top management salaries.
• B) wage rates set by contract.
• C) salaries of production workers.
• D) costs of electricity used in production.

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Definitions:

Dishonor

The refusal or inability of an entity to fulfill a financial obligation, such as a check or bill.

Primarily Liable

Refers to the primary obligation or responsibility for fulfilling a debt or obligation, typically before any secondary or tertiary parties.

Accepts Check

The process of agreeing to take a check as a method of payment.

Party Status

The recognition of being a participant or member in a legal action or in a contractual or political relationship.