Which of the Following Is a Fixed Cost for an Automobile

question 28

Multiple Choice

Which of the following is a fixed cost for an automobile manufacturing plant?

• A) administrative salaries
• B) electricity used by assembly-line machines
• C) sales commissions
• D) tires

Identify strategies to simplify the grant process recommended by the Urban Institute.

Understand the regulations around combining government funds with private funds in nonprofit organizations.

Realize the limitations of government funding in covering nonprofit indirect costs.

Identify opportunities for nonprofits to garner government support over for-profit entities.

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Definitions:

Tornado Siren

An audible siren or alarm system used to warn people in a specific area about the imminent threat of a tornado.

Benefit

An advantage or profit gained from something.

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it without paying for it.

Free Rider

A person who receives the benefit of a good but avoids paying for it