Which of the Following Is Not an Example of a Fixed

question 75

Multiple Choice

Which of the following is not an example of a fixed cost?

• A)Cash withdrawal fee from a bank
• B)Monthly rent payment
• C)Management salary
• D)Hourly labor costs

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Definitions:

Gesellschaft

A type of society in which increasing importance is placed on the secondary relationships that are less intimate and more instrumental.

Gemeinschaft

German for community, a state characterized by a sense of common feeling among the members of a society, including strong personal ties, sturdy primary group memberships, and a sense of personal loyalty to one another; associated with rural life.

Pastoral Society

A social system based on the raising and herding of livestock as a primary economic activity.

Division of Labor

An economic concept that divides tasks in a production process, where specialization increases efficiency and productivity.