Figure 3-1

question 82

Multiple Choice

Figure 3-1. Total cost = Fixed cost + (Variable Rate ´ Output)
Refer to Figure 3-1.In the cost formula above which element would be the slope?

• A)variable rate
• B)output
• C)fixed cost
• D)total cost

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Definitions:

Organization Expenses

Costs incurred in the creation of a corporation or partnership, such as legal fees and state filing fees, often amortized over time.

Legal Fees

Payments made to attorneys or law firms for legal services rendered, which may include consultations, representation in litigation, and preparation of legal documents.

Promoter Fees

Fees paid to an individual or company that facilitates the promotion or creation of a business opportunity or event.

Minimum Legal Capital

The least amount of capital that must be maintained by a corporation as required by law, intended to protect creditors.