Cy Recently Went into the Business of Producing and Selling

question 81

Multiple Choice

Cy recently went into the business of producing and selling cardboard boxes. For this business, which of the following is most likely to be a fixed cost?

• A)fire insurance
• B)labor costs
• C)paper costs
• D)adhesive costs

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Definitions:

Representatives

Elected officials who are chosen to act and speak on behalf of a wider group of people in legislative bodies such as the U.S. House of Representatives.

Supreme Court Cases

Legal disputes that have been adjudicated by the Supreme Court of the United States, setting important legal precedents and interpretations of constitutional law.

Litigation

The process of taking legal action or resolving disputes in court.

Roe V. Wade

A landmark 1973 U.S. Supreme Court decision that established a woman's legal right to an abortion under certain conditions, grounding the decision in the right to privacy.