Perform the Indicated Operation $\frac { 7 } { 8 } - \frac { 1 } { 4 }$

question 107

Multiple Choice

Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
- $\frac { 7 } { 8 } - \frac { 1 } { 4 }$

• A) \(\frac { 3 } { 4 }\)
• B) \(\frac { 5 } { 8 }\)
• C) \(\frac { 3 } { 16 }\)
• D) \(\frac { 5 } { 2 }\)

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Definitions:

Fixed Overhead

Fixed overhead costs are business expenses that remain constant regardless of the level of production or business activity. These can include rent, salaries, and insurance.