Which of the Following Would Not Be an Example of a Fixed

question 78

Multiple Choice

Which of the following would not be an example of a fixed cost?

• A) glue used to put together tables
• B) insurance on factory building
• C) depreciation on factory building
• D) property taxes

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Definitions:

Material Breach

a significant violation of a contractual agreement that permits the other party to the contract to demand remediation or terminate the agreement.

RMBCA

The Revised Model Business Corporation Act, which guides the incorporation and operation of corporations in many U.S. states.

Disinterested Directors

Board members who do not have a personal or financial interest in a corporate decision, ensuring unbiased governance.

Conflict of Interest

A situation where a person's private interests might influence or appear to influence their professional judgment or actions, potentially leading to ethical issues.