Select the Appropriate Classification of Each of the Costs Listed

question 92

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.
-Cost of executive training seminars

• A)Discretionary fixed cost
• B)Committed fixed cost

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Definitions:

Mutual Fund Shares

Shares that represent an investor's ownership in a mutual fund and the income it generates.

Derivative Security

A security whose payoff depends on the value of other financial variables such as stock prices, interest rates, or exchange rates.

Related Security

A financial instrument that is linked to another in terms of price movement or interest rate changes, like options or futures tied to a specific stock.

Worthless Today

Describes assets or investments that have lost all monetary value in the current period.