A Manufacturing Company Pays an Assembly Line Worker $10 Per

question 3

Multiple Choice

A manufacturing company pays an assembly line worker $10 per hour.What is the proper classification of this labour cost?

• A)fixed cost
• B)semi-variable cost
• C)variable cost
• D)mixed cost

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Definitions:

Independent

A condition where two events have no influence on each other, making their occurrences or outcomes entirely unrelated.

Seat Belts

Safety straps installed in vehicles designed to secure passengers during a collision, reducing the risk of injury or death.

Probability

A measure of the likelihood that a specific event will occur, often expressed as a number between 0 and 1.

Random

Manifesting without any discernible pattern or strategy, happening randomly.