Brock Morton has a fast-food franchise and must pay a franchise fee of $45,000 plus 4% of gross sales. In terms of cost behavior, the fee is known as a:
A. step-fixed cost.
B. curvilinear cost.
C. semivariable cost.
D. fixed cost.
E. variable cost.
Answer: C
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Adam has to respond to a peer via a discussion board for his online class. He finds it very hard to respond to a friend, however, because she wrote her post with poor grammar and inconsistent line breaks. Adam is experiencing a ______ distraction.
a. situational b. source c. medium d. bias
An example of a simple statement of purpose for a business report might be To recommend a new procedure for preparing quarterly financial statements
Indicate whether the statement is true or false
Erin and Dooley, a married couple, borrow $120,000 from Capital & Credit Bank to buy a home. When Erin and Dooley divorce, they are unable to make payments on the mortgage. The market value of the home has declined to less than the balance of the loan. Capital & Credit agrees to a sale of the property for this amount. This is
A. a deed in lieu of foreclosure. B. a home equity loan. C. a reverse mortgage. D. a short sale.
A contractual provision which states that a waiver of rights will not constitute a modification to the contract is: A) not enforceable as being in bad faith
B) not enforceable as a violation of law. C) enforceable by one party only. D) enforceable.