Which of the Following Is a Fixed Cost for ACME

question 81

Multiple Choice

Which of the following is a fixed cost for ACME manufacturing?

• A) wages paid to labor
• B) the annual fire and theft insurance premiums
• C) the utility bill
• D) raw material costs
• E) the cost of shipping its product to market

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Definitions:

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and minimal government intervention in the economy.

Philanthropic Goodwill

The level of social responsibility in which a business does good without the expectation of anything in return.

Social Responsibility

Involves businesses making decisions and taking actions that benefit society as well as themselves.

Philanthropic Goodwill

The positive reputation and supportive engagement generated by a company or individual's charitable activities and contributions to society.