Question
Please explain the following question step by step. Also, the pictures labeled as 3 and 3a meaning both question are for 3 same for 4
Please explain the following question step by step. Also, the pictures labeled as 3 and 3a meaning both question are for 3 same for 4 and 5 (4a, 5a).
1) Which of the following costs is most likely to be a fixed cost for a small motel?
Select one:
a.Laundry (i.e. washing of bed linen)
b.Electricity
c.Payments to casual cleaning staff
d.Receptionist salaries
2) Which of the following is most likely to be a variable cost for a wholesale company (i.e. a company which buys large quantities of goods, stores them in warehouses and then distributes them to retailers as required)?
Select one:
a.Delivery costs
b.Rent
c.The cost of building a new warehouse
d.Management salaries
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