Which of the Following Is an Example of a Fixed

question 55

Multiple Choice

Which of the following is an example of a fixed cost?

• A)Raw materials
• B)Factory rent
• C)Operating cost
• D)Direct labor costs
• E)Packaging costs

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Definitions:

Civil Suit

A civil suit is a legal proceeding between individuals, companies, or others, in which compensation is sought for damages or enforcement of a right, as opposed to criminal charges by the state.

Substantial Stake

A significant interest or investment in a particular issue, outcome, or entity, warranting involvement or concern.

Common Law

The body of law derived from judicial decisions and customs, as opposed to statutes.

State Level

Pertaining to governmental jurisdictions and activities that occur at the state or provincial rather than national level.