Insurance permium on factory building paid to Oriental insurance is a

1.	Insurance permium on factory building paid to Oriental insurance is a fixed cost.
Answer» <html><body><p></p>Solution :True. Insurance premium is a fixed costas same amount of premium has to be <a href="https://interviewquestions.tuteehub.com/tag/paid-1145567" style="font-weight:bold;" target="_blank" title="Click to know more about PAID">PAID</a> irrespective of level of <a href="https://interviewquestions.tuteehub.com/tag/output-1142821" style="font-weight:bold;" target="_blank" title="Click to know more about OUTPUT">OUTPUT</a>. A fixed cost is a cost that does not <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> with an <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> or decrease in the amount of goods or services <a href="https://interviewquestions.tuteehub.com/tag/produced-592947" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCED">PRODUCED</a> or sold.</body></html>

Insurance permium on factory building paid to Oriental insurance is a fixed cost.