Which of the Following Is an Example of a Fixed

question 54

Multiple Choice

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

• A)Paper used in the manufacture of textbooks.
• B)Surgical supplies used in a hospital's operating room
• C)The wages of part-time workers who are paid $8 per hour.
• D)Gasoline consumed by salespersons' cars.
• E)Property taxes paid by a firm to the City of Hamilton.

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Definitions:

Reciprocal

Mutual or given and received in return; employing mutual exchange between two or more parties.

Collective

A group or assembly of individuals who share common interests, values, or goals.

Positive Psychology

The scientific study of human strengths, virtues, and factors that contribute to personal well-being and happiness, aiming to improve quality of life.

Psychologically Healthy

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make contributions to their community.