Which One of the Following Is Most Likely a Variable

question 52

Multiple Choice

Which one of the following is most likely a variable cost?

• A)Office rent.
• B)Property taxes.
• C)Property insurance.
• D)Direct labour costs.
• E)Management salaries.

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Definitions:

Geo-political Standing

The position or status of a country or region in relation to its political and geographical characteristics, influencing its relations with others.

Information/Communications Technology

A broad term for technology used in capturing, processing, storing, and exchanging data and information, including computers, internet, and telecommunications.

Comparative Advantage

The ability of an entity to produce a good or offer a service at a lower opportunity cost than its competitors, leading to more efficient international trade.

Trade Act of 2002

A legislative measure enacted in the United States aimed at facilitating trade and strengthening the economy through various provisions.