Jodi Recently Went into Business Producing Widgets

question 78

Multiple Choice

Jodi recently went into business producing widgets. Which of the following would be a fixed cost for her firm?
1. labour costs are $1000 per month
2. raw material costs are $5000 per month
3. a one- year lease on a building is $12 000

• A) 1 only
• B) 2 only
• C) 3 only
• D) 1 and 2
• E) 2 and 3

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Definitions:

Culture Shock

The feeling of disorientation, alienation, depression, and loneliness experienced when entering a culture very different from one’s own.

Adjustment

The process of adapting or conforming to new conditions or environments, often involving changes in behavior or attitudes.

Folkway

A traditional behavior or way of life passed down among a group of people, often forming part of their cultural or social identity.

Languages Exist

The phenomenon that spoken or sign languages are developed and used by human communities as a medium for communication and cultural expression.