If only part of the labour force employed by a firm can be dismissed at any time and without pay, the total wages and salaries paid out by the firm…

CA Foundation · Business Economics · MTP · January 2025
If only part of the labour force employed by a firm can be dismissed at any time and without pay, the total wages and salaries paid out by the firm must be considered:
(A) A. a fixed cost
(B) B. a variable cost
(C) C. partly a fixed and partly a variable cost
(D) D. any of the above.

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. any of the above.

Topics: Money Market

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