Which of These Would Be Considered a Fixed Cost

question 28

Multiple Choice

Which of these would be considered a fixed cost?

• A)Cost of fuel for a transport company.
• B)Laundry costs to wash towels used by a hairdresser.
• C)Insurance premium.
• D)Materials used in production.

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Definitions:

Canada

A nation distinguished by its commitment to multiculturalism and bilingualism, featuring a landscape ranging from the Rocky Mountains to the cities of Toronto, Montreal, and Vancouver.

United States

A country consisting of 50 states, primarily located in North America, known for its diverse population and significant global influence.

Dependency Theorists

Scholars who argue that underdevelopment in certain countries is the result of exploitative relationships with developed nations.

Economic Backwardness

Economic backwardness describes a state of limited economic development characterized by low levels of industrialization, poor infrastructure, and a reliance on agriculture and other traditional sectors.