Which of the Following Would Most Likely Be Considered a Fixed

question 189

Multiple Choice

Which of the following would most likely be considered a fixed cost for a given time period?

• A) Sales commissions.
• B) Salary of the Chief Financial Officer.
• C) Advertising expenditures.
• D) Shipping expenses.
• E) Cost of goods sold.

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Definitions:

Approximate

A value or quantity that is nearly but not exactly correct, often used when exact figures are not necessary or available.

Properties

Refers to characteristics or attributes that define or identify mathematical figures, numbers, and operations.

Logarithms

A logarithm with a specified base is the exponent by which the base must be raised to yield a particular number. It is a different way to express exponentiation.

Condense

The process of combining several mathematical expressions or elements into a simpler form.