Which of the Following Costs Are Most Likely to Be

question 12

Multiple Choice

Which of the following costs are most likely to be classified as variable?

• A) Insurance
• B) Straight-line depreciation
• C) Manager salaries
• D) Factory rent
• E) Direct materials

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Definitions:

Balance of Trade

The difference in value between a country's imports and exports over a certain period.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to a country's economy and trade balance.

Deficit

An economic condition where expenditures exceed revenue.

Balance of Trade

The difference between a country's exports and imports of goods.