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:

Preservation Of Innovation

Preservation of innovation refers to the efforts and methods used to maintain, protect, and sustain innovative practices, ideas, or technologies over time.

Survival Value

The degree to which a particular trait or behavior enhances the likelihood of survival and reproduction of an organism.

Culture

The shared attitudes, values, goals, and practices that characterize an institution, organization, or group.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.