Which of the Following Would Be Considered a Committed Fixed

question 11

Multiple Choice

Which of the following would be considered a committed fixed cost?

• A)Depreciation
• B)Research and Development
• C)Office holiday party
• D)Advertising

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Definitions:

Cloud

A technology that allows for the storage and access of data and programs over the internet instead of on a local computer's hard drive.

Crude Oil

A natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a fuel and raw material.

Market Price

The current value or cost of a good or service as determined by supply and demand in the open market.

Bilateral Mistake

In contract law, a mistake made by both parties to a contract. Bilateral mistake allows rescission by either party. Also called mutual mistake.