Which of the Following Costs Is an Example of a Fixed

question 51

Multiple Choice

Which of the following costs is an example of a fixed cost?

• A)Sales commissions
• B)Salary of plant manager
• C)Direct materials
• D)Delivery costs

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Definitions:

Ticket Prices

the cost assigned to purchasing a ticket for an event, such as a movie, concert, or sporting event.

Price Inelastic

A description of a good or service's demand when its quantity demanded is relatively insensitive to changes in its price.

Baseball Cards

Collectible items featuring baseball players, teams, or events, traditionally traded and valued by enthusiasts.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period of time.