Final answer:
The CEO's salary for a company that produces its products in batches is a fixed cost.
Step-by-step explanation:
The CEO's salary for a company that produces its products in batches is a fixed cost.
Fixed costs are the costs that a company incurs before producing any output, and they do not change regardless of the level of production. The CEO's salary is a fixed cost because it remains the same even if the company produces different batches of products.
Other examples of fixed costs include rent for a factory or retail space, machinery or equipment costs, and research and development costs.