Final answer:
Fixed costs are expenditures that do not change with the level of production in the short-run, such as rent or machinery costs. The concept of a fixed cost that can be altered in the short-run does not align with the traditional definition of fixed costs, which are typically constant until certain contracts or decisions are up for renewal or change.
Step-by-step explanation:
In the context of business economics, fixed costs refer to expenses that do not vary with the level of production in the short run. Examples of fixed costs include rent, the cost of machinery, and research and development expenses. However, the term 'fixed cost that can be raised or lowered in the short-run planning of an organization' is somewhat contradictory as by definition, fixed costs are typically unable to be altered in the short run. In practice, most truly fixed costs like rent or salaries for permanent staff remain constant until certain contracts expire or long-term decisions are made.
Nevertheless, there could be semi-fixed or step costs that behave as fixed over a certain range of production, but can change if production capacity is altered significantly. For instance, if a factory lease allows for adjustment based on production levels or if an organization has the ability to adjust its service contracts in response to production changes, these costs could be considered somewhat adjustable in the short run, although this is not the classical definition of fixed costs.