Mike Wants to Set Up a Factory to Manufacture Roller

question 109

Multiple Choice

Mike wants to set up a factory to manufacture roller skates.He plans to employ hundred people in his office.Mike's other expenses include rent, utilities, insurance, administrative salaries (for executives and higher-level managers) , and depreciation of the physical plant and equipment.Rent, utilities, insurance, administrative salaries (for executives and higher-level managers) , and depreciation of the physical plant and equipment constitute the:

• A)break-even point.
• B)variable costs.
• C)contribution per unit.
• D)demand curve.
• E)fixed costs.

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Definitions:

Financial Media

Media outlets and platforms that specialize in reporting news and analysis on the financial and economic sectors, including markets and investments.

Unlimited Liability

A legal structure where business owners are personally responsible for all of the business's debts, without any limit.

Limited Life

Denotes that a product, entity, or project has a preset endpoint or duration after which it will cease to exist or need to be substantially changed.

Intrinsic Value

The actual, fundamental worth of an asset, investment, or company, based on underlying perceptions of its true value.