Which of the following would not typically be classified as a discretionary fixed cost?
A. Equipment depreciation.
B. Employee development (education) programs.
C. Charitable contributions.
D. Outlays for research and development.
E. Advertising.
Answer: A
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Which of the following does NOT have a cooling off period in Ontario? A contract for
A) dance lessons B) luggage made by a door-to door salesperson C) a time-share condominium D) a pre-paid funeral E) a used car
In the context of the four major income-maintenance laws, ________ provides benefits in the form of full retirement payments after age 67 (for those born in 1960 or later), or at reduced rates after 62, to worker and spouse.
A. workers' compensation B. the Social Security Act C. the Federal Unemployment Tax Act D. the Employee Retirement Income Security Act
Somerset Savings Bank agreed to finance a 72-unit condominium project, and Chicago Title issued a policy for Somerset's $9.5 million mortgage. After the title policy was issued, the city of Revere, Massachusetts, refused to issue a permit for the project because of issues with existing zoning laws, including a railroad right-of-way through the property. Somerset was left with a $9.5 million
mortgage on condominiums that would never be built. Somerset brought suit against Chicago Title for its failure to note the zoning issue. Which of the following statements is correct? A)?Chicago Title must cover the zoning issue costs, i.e., pay the damages because the property cannot be developed, including the cost of the mortgage. B)?Zoning restrictions are not covered in a title policy. C)?Chicago Title must cover the denial of the permit even though zoning issues are not covered under a title policy. D)?If the zoning restrictions make the property unmarketable, Chicago Title must pay the damages.
Most successful innovations are _____ and _____.
a. simple; focused b. complex; focused c. focused; extensive d. complex; extensive