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CMP Meeting Planner PrepQuestion 2 / 10

Emily is preparing a budget for a charity gala. She examines the costs associated with hosting the event at various venues. One venue offers a fixed rental fee, janitorial services, and security staff costs, regardless of the number of guests. What are these costs referred to in financial management?

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✓ Correct answer: C. Fixed cost Answer: Fixed cost Fixed costs are the expenses that do not change with the number of attendees and include items such as venue rental fees, janitorial services, and security staff that remain consistent regardless of guest count.

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