Zack Shields Leases a Manufacturing Facility That Produces Computer Monitors

question 61

Multiple Choice

Zack Shields leases a manufacturing facility that produces computer monitors. Zack tries to keep production high, because his lease payments are $10,500 a month, regardless of whether he produces one computer monitor a month or 10,000. Zach's lease payment is a ________ cost.

• A) variable
• B) secondary
• C) fixed
• D) marginal
• E) tangible

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Definitions:

Stakeholder Buy-In

Stakeholder buy-in refers to the process of getting approval, support, and commitment from stakeholders for a project, initiative, or idea. It involves engaging stakeholders in a manner that they understand and endorse the benefits and objectives of the project.

Internal Evaluation

The process of assessing an organization's or project's performance using the internal staff and resources, rather than external evaluators.

Hidden Costs

Expenses that are not immediately apparent or explicitly billed but affect the total cost of ownership or operation.

Academic Journal

A periodical publication dedicated to disseminating research and scholarship in a specific academic field, often peer-reviewed.