Which of the Following Would Be Classified as a Variable

question 462

Multiple Choice

Which of the following would be classified as a variable cost for the local Texaco station?

• A) interest payments to a local bank for a 5-year loan
• B) the total wages paid to the workers who are all paid $16.00 per hour, no matter how many hours they work each week
• C) the premiums paid for liability insurance, which are constant throughout the life of the contract
• D) the opportunity cost of money used to finance the installation of some new pumps

---

Definitions:

Collectivist Cultures

Societies that emphasize interdependence, communal responsibilities, and the priorities of the group above personal achievements.

Individualistic Cultures

Cultures that emphasize personal achievement, independence, and self-reliance, valuing individual freedom and self-expression over communal goals.

Fundamental Attribution Error

The tendency to overestimate the effect of disposition or personality and underestimate the effect of the situation when explaining the behaviors of others.

White Americans

Individuals residing in the United States who identify as being of European, Middle Eastern, or North African descent.