Which of the Following Is a Typical Example of a Fixed

question 218

Multiple Choice

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

• A)taxes
• B)raw materials
• C)sales commissions
• D)building rental expense
• E)hourly wages

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Definitions:

Board of Governors

A governing body at the top of an organization or institution, such as the Federal Reserve, responsible for overseeing its operations and making key decisions.

Fourteen-Year Term

A fixed period of fourteen years, often referenced in legal, contractual, or tenure contexts.

Four-Year Term

A period of four years that is commonly associated with the duration of a political office or specific governmental or organizational mandates.

Federal Reserve Banks

The regional banks of the Federal Reserve System, serving as the central banking system of the United States.