Which of the Following Is an Example of a Fixed

question 11

Multiple Choice

Which of the following is an example of a fixed input?

• A) The acreage of a farmer's land.
• B) Machinery.
• C) The size of a firm's plant.
• D) All of the above.

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Definitions:

Inventory Holding

The costs associated with storing unsold goods, including warehousing, insurance, and depreciation.

Inwards Inspection

Inwards Inspection refers to the process of checking, validating, and approving materials or products received from suppliers before they are used in production or put to stock.

Rental

The payment, usually monthly, owed by a tenant to a landlord for the use of real estate, equipment, or other properties.

Insurance

A practice or agreement whereby a company provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.