Which of the Following Is Most Likely a Fixed Cost

question 30

Multiple Choice

Which of the following is most likely a fixed cost?

• A)Raw materials cost.
• B)Labor cost.
• C)Energy cost.
• D)Property taxes.

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Definitions:

Railway Labor Act

A U.S. federal law enacted in 1926 to prevent interruptions to interstate commerce by providing for the settlement of disputes between railroads and their workers.

Government Mediation

The intervention by government agencies or officials to facilitate the resolution of a dispute between parties, typically in labor disputes.

Collective Bargaining

The negotiation process involving management and worker unions aiming to establish agreements on salary scales, conditions of employment, benefits, and other components of labor compensation and rights.

Labor-Management Relations

The interaction between employees or their representatives (often unions) and management in the workplace, focusing on the negotiation and application of work terms.