Fixed Costs in the Short-Run Generally Include Which of the Following

question 403

Multiple Choice

Fixed costs in the short-run generally include which of the following?

• A) Manufacturing wages.
• B) Material used in manufacturing.
• C) Property insurance.
• D) Utilities in manufacturing plant.
• E) Contractual commitments to purchase supplies.

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Definitions:

Threat

Threat refers to a potential cause of harm or danger, either physical, psychological, or to the security of an individual or organization.

Investment

The action or process of allocating resources, usually financial, with the expectation of achieving a profit or material result.

Modification

The act of making changes or alterations to something, often to improve it or to adapt it to different needs or conditions.

Lewin's Model

A change management model proposing that successful change involves unfreezing, changing, and refreezing to embed new practices within an organization.