A Fixed Operating Cost for a Vehicle Is

question 36

Multiple Choice

A fixed operating cost for a vehicle is

• A) Depreciation.
• B) Gasoline and oil.
• C) Maintenance and repairs.
• D) Parking.
• E) Tires.

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Definitions:

Income

Money received on a regular basis from work, investments, business operations, or other sources, which is used to fund living expenses, savings, and investments.

Sales Taxation

A tax imposed on the sale of goods and services, which is typically collected by the seller and passed on to the government.

Model Business Corporation Act

A comprehensive statute that serves as a guideline for states in the United States to standardize and regulate the formation, operation, and dissolution of corporations.

Maximum Potential

The highest achievable or possible level of performance or success.