Which of the Following Is the Best Example of a Fixed

question 206

Multiple Choice

Which of the following is the best example of a fixed cost for a business?

• A) the insurance payment for the protection of a building owned by the firm
• B) shipping charges for the delivery of products
• C) managerial salaries paid
• D) the total of medical insurance premiums on the firm's employees

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Definitions:

Justice

A moral principle regarding fairness and the equitable treatment of all individuals.

Fidelity

The degree to which a device, system, or service accurately reproduces or represents a given condition or datum without distortion or error.

Responsibility

The obligation or duty to properly act or take care of something or someone.

Confidentiality

The ethical and legal obligation to protect individuals' private information from unauthorized access, use, or disclosure.