Which of the Following Is an Example of a Committed

question 46

Multiple Choice

Which of the following is an example of a committed fixed expense?

• A) depreciation on a factory building
• B) supervisor's salary
• C) direct labour
• D) insurance on a building

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Definitions:

Parol Evidence Rule

The parol evidence rule is a legal principle that prevents parties from introducing outside oral or written statements to modify or contradict the terms of a written contract.

Yung-Kai Lu v. Univ. of Utah

A legal case, but without further context, it's unclear; this may refer to a specific legal dispute involving the University of Utah, typically involving issues of employment, discrimination, or academic policy.

Statute of Frauds

A rule of law mandating that specific contract categories must be documented in written form to be legally binding.

Three-Party Agreement

A contract involving three distinct parties, each undertaking specific obligations or rights.