Which of the Following Would Be Considered a Committed Fixed

question 11

Multiple Choice

Which of the following would be considered a committed fixed cost?

• A)Depreciation
• B)Research and Development
• C)Office holiday party
• D)Advertising

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Definitions:

Horizontal Axis

In a graphical representation, the x-axis, which typically shows the independent variable or the quantity of goods.

Vertical Axis

in a graph or chart, the y-axis which typically represents the range of values or dependent variables.

Perfect Substitute

Goods that can be completely replaced by another with no loss of utility to the consumer, such as different brands of sugar.

Units Of Good

The individual items or quantities of a product that can be quantified, counted, and often sold individually.