A Sawmill Processes Logs into Timber

question 76

Multiple Choice

A sawmill processes logs into timber.Identify the costs below that are an example of a fixed cost.(i) rent paid on the factory
(ii) maintenance of the trucks used for transport of logs
(iii) wages of the workers

• A)(i) only
• B)(i) and (ii)
• C)(ii) and (iii)
• D)(i), (ii) and (iii)

---

Definitions:

Transformational Change

A fundamental, radical reorganization and rethinking of business operations to achieve significant improvements in performance.

Organizational Change

The process through which a company or institution changes its structure, strategies, operational methods, or culture to effect change within the organization and respond to internal and external pressures.

Reactive Change

Change that occurs in response to external pressures or unforeseen situations, as opposed to being planned in advance.

Planned Change

The deliberate effort to alter an organization or process in a controlled and structured manner.