11. Reebok has the right to sell 2012 NCAA Men's basketball Championship T-shirt. Reebok has to give $3.78 to NCAA as licensing fee for each T-shirt sold worldwide. In accounting the $3.78 is what type of cost? a. Overhead cost b. Fixed cost c. Variable cost d. Opportunity cost 12. The only major league team that is owned by the local citizens is a. Cincinnati Reds b. Boston Celtics c. Los Angeles Clippers d. Green Bay Packers 13. Majority sport in the United States is provided by a. Private entities b. Community c. Government d. Charity