Suppose Sam's Shoe Co

question 36

Multiple Choice

Suppose Sam's Shoe Co. makes one kind of shoe. An example of a fixed cost for this company would be:

• A)the lease for the factory building.
• B)the leather needed to make the shoes.
• C)sewing machine needles that need to be replaced every 1,000 pairs.
• D)All of these are examples of fixed costs.

---

Definitions:

Court Consideration

The factors or evidence that a court takes into account when making a decision on a case.

Emancipated by Implied Consent

A legal status where a minor is considered independent from their parents or guardians based on actions that suggest consent, rather than a formal court order.

Reasonable Value

The fair or market value of goods or services, used when a contract does not specify a price or when damages are assessed.

Necessary

Something essential or required in a particular situation, condition, or for a specific purpose.