An Example of a Discretionary Fixed Cost for a Clothing

question 144

Multiple Choice

An example of a discretionary fixed cost for a clothing manufacturer is

• A)an annual contract for television advertising cost.
• B)a 10-year lease on an office building.
• C)yards of fabrics used.
• D)thread used.

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Definitions:

Competencies

The combination of skills, knowledge, and abilities that are required to perform a specific job or function effectively.

Human Capital Stock

The amount of any specific form of human capital that is available to the firm at any given time.

Knowledge

Information, understanding, and skills that individuals acquire through experience, education, or training.

Knowledge

Knowledge is the theoretical or practical grasp of a subject, gained through education or experience, encompassing the information, skills, and comprehension obtained.