Rent, Insurance, and the Salaries of Top Management Are Examples

question 9

Multiple Choice

Rent, insurance, and the salaries of top management are examples of ____.

• A) fixed costs
• B) capital costs
• C) variable costs
• D) fluctuating costs

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Definitions:

Chester I. Barnard

An American business executive and author known for his contributions to management theory, particularly in organizational and communication theory.

Personal Needs

The basic or individual requirements essential for people to live and work comfortably and efficiently.

Common Purpose

A shared goal or mission that unites a group of individuals or entities.

Chaos Theory

A field of study in mathematics and science that deals with complex systems whose behavior is highly sensitive to slight changes in conditions, leading to unpredictability.