Which One of the Following Costs Is Most Likely a Variable

question 88

Multiple Choice

Which one of the following costs is most likely a variable cost?

• A) Rent paid on an office building.
• B) Cost of an equipment lease.
• C) Cost of cotton used to produce a shirt.
• D) Cost of a computer to process payroll checks.
• E) Salary paid to the chief financial officer.

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Definitions:

Fundamental Attribution Error

The bias of overemphasizing personal traits and underestimating situational factors when explaining other people's behaviors.

Wealthy People

Individuals who possess a substantial amount of money, assets, or resources, significantly above the societal average.

Actor-Observer Effect

The tendency to attribute one's own actions to external factors while attributing others' actions to internal factors.

Internal Attributions

The process of explaining one's own behavior or the behavior of others based on internal, personal characteristics.