Indicate Whether the Item Applies to Fixed Costs or Variable

question 10

Multiple Choice

Indicate whether the item applies to fixed costs or variable costs.

-insurance

• A) fixed costs
• B) variable costs

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Definitions:

Birthright

A right or privilege that one is entitled to at birth, often pertaining to citizenship or familial inheritance.

Liberty

Living without the influence of restricting authority over one’s personal life choices, behaviors, or political ideologies within the social order.

Colonies

Territories under the political control of an outside power, often settled by people from that power and exploited for economic benefit.

Navigation Acts

A series of British laws that regulated colonial trade and enabled England to collect taxes from its colonies by controlling goods shipped to and from the colonies.