Which Is Not a Fixed Cost

question 16

Multiple Choice

Which is not a fixed cost?

• A)monthly rent of $1,000 with a 12 month lease
• B)an insurance premium of $50 per year,paid last month
• C)Tax accountant's salary
• D)labor costs paid per hour

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Definitions:

Breached a Contract

The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse, which may result in legal action against the party in breach.

Implied Warranties

Warranties not explicitly stated but presumed by law to provide certain assurances regarding the quality or functionality of a product.

Express Warranties

Explicit promises made by a seller to a buyer regarding the quality or nature of a product.

Disclaimed

A statement that denies responsibility, affiliation, or connection to something.