Tort, Total Cost, Total Debt, Total Fixed Cost

Tort, Total Cost, Total Debt, Total Fixed Cost :

Tort : a wrong that is a result of an act or a failure to act in a cautious manner, that which is not criminal in nature but has the grounds for a civil suit

Total Cost : the total expenditure incurred in the production of a product or goods including the material, labour and overhead costs

Total Debt : the total amount that an organisation owes to anyone inclusive of both short term owing as well as long term owing

Total Fixed Cost : the total expenses incurred in a given period on which are not influenced by the number of units produced : In practice it is the cost of keeping a business open in the period when no production is undertaken.


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