Which of the Following Is a Fixed Cost

question 178

Multiple Choice

Which of the following is a fixed cost?

• A)payment to hire a security worker to guard the gate to the factory around the clock
• B)wages to hire assembly line workers
• C)payments to an electric utility
• D)costs of raw materials

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Definitions:

Likert

Relates to a psychometric scale commonly involved in research that employs questionnaire-based research methods, used for measuring attitudes or opinions.

Semantic Differential

A scale used to measure attitudes that consists of pairs of adjectives opposite in meaning.

Ratio-Level Measurement

A quantitative measurement that includes a true zero point, allowing for meaningful comparisons of magnitude and calculations of ratios.

Zero

A numerical value representing the absence of any quantity or magnitude.