ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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expenses you have already committed to spending
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payment received for providing labor
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true
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false
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Detailed explanation-1: -A committed fixed cost is a fixed cost that cannot easily be changed in the short run without having a significant impact on the organization. Examples of committed fixed costs include salaried employees with long-term contracts, depreciation on buildings, and insurance.
Detailed explanation-2: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.
Detailed explanation-3: -Examples of Fixed Expenses Mortgage or rent payments. Loan payments, such as auto loans or student loans. Insurance premiums, such as for car insurance and homeowners insurance.
Detailed explanation-4: -Rent or mortgage payments. Car payments. Other loan payments. Insurance premiums. Property taxes. Phone and utility bills. Child care costs. Tuition fees. More items •06-Apr-2022