Which of the Following Is NOT an Example of a Fixed

question 56

Multiple Choice

Which of the following is NOT an example of a fixed cost?

• A) materials
• B) utilities
• C) payroll
• D) rent
• E) Web site hosting

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Definitions:

Budgets

Financial plans that outline an organization's revenue, expenditures, and investment strategies for a specific period.

Cash Inflows

The movement of money into an entity or business, typically arising from sales, investments, financing, and other business activities.

GAAP Standards

Generally Accepted Accounting Principles (GAAP) are a collection of commonly followed accounting rules and standards for financial reporting.

Planning and Control Tool

Instruments or techniques used in the management process to set objectives, assess future trends, and oversee progression towards desired outcomes.