A fixed cost has the same value each time it is incurred.

ESB Certification

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11th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
true
2.
FLASHCARD QUESTION
Front
A non-profit organization is taxed.
Back
false
3.
FLASHCARD QUESTION
Front
A sole proprietorship protects the owner from personal liability
Back
false
4.
FLASHCARD QUESTION
Front
A variable cost is eventually paid off over time.
Back
false
5.
FLASHCARD QUESTION
Front
Affiliate sales programs offer commissions to companies who sell their products.
Back
true
6.
FLASHCARD QUESTION
Front
An entrepreneur is a person who assumes the responsibilities and risks of starting a business.
Back
true
7.
FLASHCARD QUESTION
Front
An S corporation is suitable for international companies with at least 200 shareholders.
Back
false
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