Which of the Following Is an Example of a Semi-Fixed

question 11

Multiple Choice

Which of the following is an example of a semi-fixed (semi-variable) cost?

• A)cost of telephone calls.
• B)total telephone account, both calls and rental.
• C)cost of telephone rental.
• D)none of the above.

---

Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. The fiduciary relationship is noteworthy for involving a trust and confidence between the fiduciary and the principal.

Prospective Investors

Individuals or entities that are considering the possibility of investing in a particular opportunity but have not yet committed.

Promoter

An individual or company responsible for organizing or founding a new enterprise, especially by raising capital, securing partnerships, and navigating legal requirements.

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.