Select the Appropriate Classification of Each of the Costs Listed

question 77

Multiple Choice

Select the appropriate classification of each of the costs listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Factory insurance

• A)Variable cost
• B)Fixed cost

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Definitions:

Principal

In finance, the original sum of money borrowed or invested, excluding any interest or profit. In legal contracts, the party who authorizes an agent to act on their behalf.

Course And Scope

Refers to activities that are conducted within the bounds of an employee's job duties and during employment.

Employer Authorization

A formal approval or permission granted by an employer, often related to employment activities or access to company resources.

Employment

A formal relationship between an employer and an individual where the individual performs work or services in exchange for compensation.