Cy Recently Went into the Business of Producing and Selling

question 8

Multiple Choice

Cy recently went into the business of producing and selling cardboard boxes. For this business, which of the following is most likely to be a fixed cost?

• A)fire insurance
• B)labor costs
• C)paper costs
• D)adhesive costs
• E)b, c, and d are equally likely to be fixed costs

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Definitions:

Baratarian Pirates

A group of 19th-century pirates led by Jean Lafitte, who operated out of the Barataria Bay south of New Orleans, and later aided the United States in the War of 1812.

French Revolution

A pivotal period of radical social and political upheaval in France from 1789 to 1799, leading to the decline of monarchies and churches and the rise of democracy and nationalism.

Political Parties

Organized groups of people with similar political aims and opinions, that seek to influence public policy by getting their candidates elected to public office.

War Debts

The financial obligations incurred by countries as a result of war expenditures, often leading to discussions or conflicts regarding repayment after the war's conclusion.