Which of the Following Would Be an Example of a Fixed

question 179

Multiple Choice

Which of the following would be an example of a fixed cost?

• A) wages for an assembly line worker
• B) electric bill
• C) depreciation on equipment
• D) materials used

Understand the significance of historical management principles in contemporary management thought.

Recognize scientific management techniques and their application in modern businesses.

Identify the practical lessons and goals of scientific management.

Knowledge of the classical management approach and its relevance in current organizational structures.

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Definitions:

Expiration Date

The final date by which an option or other financial instrument must be exercised or becomes void.

Call Option

An agreement that grants the purchaser the flexibility, without the necessity, to acquire a stock, bond, commodity, or different asset at an agreed price during a definite timeframe.

Fixed Price

A specific price point that does not change over time, often set for products, services, or agreements.

Asset

An economic resource owned or controlled by an individual or company, expected to produce future benefits.