Which term describes a cost resulting from the existence of the organisational structure and premises used by the firm?
A) Discretionary
B) Fixed
C) Committed
D) Engineered

Question

Quizplus · Accepted Answer

Committed costs are expenses that a company has committed to and are often associated with the maintenance of the organization's structure and premises, such as rent, insurance, and salaries of permanent staff. These costs are not easily adjusted in the short term without potentially impacting the firm's operational capacity.

Which Term Describes a Cost Resulting from the Existence of the Organisational