A Company Rents a Machine to Be Used in Operations

question 141

Multiple Choice

A company rents a machine to be used in operations.The rental agreement calls for a flat rent payment of $2,000 per month plus $0.10 for each hour the machine is used.This is an example of a ________.

• A)fixed cost
• B)variable cost
• C)mixed cost
• D)step cost

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Definitions:

Large Blocks Of Time

Extended periods of uninterrupted time which can be allocated for specific tasks or projects.

Study Needs

The specific requirements or resources a person needs to effectively learn and absorb information, varying significantly from one individual to another.

Delegate Responsibilities

The act of assigning specific tasks and duties to others to effectively manage workload and enhance efficiency.

Team Project

A collaborative assignment or task that requires a group of individuals to work together towards a common objective.