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Which of the Following Would Be an Example of a Fixed

question 210

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Which of the following would be an example of a fixed cost for a company that makes carbon monoxide monitoring systems for employees to wear that work in hazardous areas?


Definitions:

Microfinance Loans

Small loans provided to individuals or groups in impoverished areas to spur economic development.

Bank Loans

Borrowed sums of money from banks that individuals or businesses must repay with interest according to agreed-upon terms.

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.

Repayments

The action of paying back a loan or debt.

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