Of the Following Choices, Which One Is a Common Fixed

question 48

Multiple Choice

Of the following choices, which one is a common fixed cost?

• A)profit centre manager's salary
• B)sales clerks' salaries
• C)costs from a central payroll department to create paycheques for a cost centre's employees
• D)depreciation on a responsibility centre's equipment

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Definitions:

Promissory Note

A written promise to pay a specified sum of money to a designated person or entity, at a specified time or on demand.

Counter Offer

A response to an offer in which the original conditions are rejected and new terms are proposed.

Verbal Offer

An offer made orally rather than in writing, which in some cases can still be legally binding depending on the circumstances.

Unconditional

Unconditional means without any limitations, conditions, or stipulations; it often refers to agreements, love, or support that is given freely and without reservations.