Which of the Following Is Not a Category of Fixed

question 20

Multiple Choice

Which of the following is not a category of fixed costs?

• A) Depreciation
• B) Utilities
• C) Capital
• D) Raw materials

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Definitions:

Debt

An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, often with interest.

Liquidity

The ease with which an asset can be converted into cash without significant loss in value.

Profitability

Measures how much profit a company generates in relation to its revenues, assets, or equity, indicating its financial health and efficiency.