Which of the Following Is an Example of a Fixed

question 42

Multiple Choice

Which of the following is an example of a fixed cost?

• A)power cost in the machining department
• B)wood in the manufacture of furniture
• C)labour cost paid on a piece basis
• D)lease payments on machinery

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Definitions:

Discretionary Stakeholders

Individuals or groups whose involvement with the project or business is optional and based on their decision or interest.

Power

The ability or capacity to influence or control the behavior of others or the course of events.

Social Entrepreneurship

A practice that combines innovation, resourcefulness, and opportunity to address critical social and environmental challenges.

Social Enterprise

An organization that operates with the primary goal of addressing social issues, combining commercial strategies with social objectives to improve human and environmental well-being.