The salary of the college president is a _____ for a college.
A) fixed cost
B) variable cost
C) cost driver
D) sunk cost

Question

Quizplus · Accepted Answer

The salary of the college president is a fixed cost because it is a recurring expense that remains constant regardless of how many students enroll, how many courses are taught, or how much revenue the college generates. It is a cost that the college incurs regardless of its current levels of activity or output.

The Salary of the College President Is a _____ for a College