Which of the Following Would Be Classified as a Fixed

question 46

Multiple Choice

Which of the following would be classified as a fixed cost for the local supermarket?

• A)the rent from the six-year lease on the building where the store is located
• B)the cost of the boxes of cereal sold in the supermarket
• C)the salary paid to the store's manager
• D)the overtime paid to the store's manager
• E)the Canada Pension payments that the supermarket makes to the government on the workers' income

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Definitions:

Implied Warranty

An unwritten guarantee that the product sold will meet a minimum level of quality.

Habitability

The suitability of a living space being safe and comfortable enough for human occupancy.

Assign

To transfer rights or duties under a contract or legal agreement to another party.

Silent

Characterized by the absence of sound or the decision not to speak or disclose information.