Select the Appropriate Cost Behavior for Each of the Costs

question 130

Multiple Choice

Select the appropriate cost behavior for each of the costs listed below.
-salary of chief executive officer

• A)variable
• B)fixed

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Definitions:

Business Profits

The excess of revenues generated from business activities over the costs incurred in producing those revenues, reflecting the financial success of a business.

Partners

Individuals or entities who share ownership and responsibilities in managing a business or specific venture.

Income

Payments that are regularly collected from employment activities or the investment of funds.

Public Entertainment

Activities designed for the enjoyment of the public, often provided by the government or community organizations, such as concerts or parades.