What are two examples of fixed costs in business finance? (Choose two.)

IT Questions BankCategory: IoTWhat are two examples of fixed costs in business finance? (Choose two.)

What are two examples of fixed costs in business finance? (Choose two.)

  • utilities
  • advertising
  • equipment insurance
  • materials
  • rent

Explanation: There are two types of business costs: fixed costs and variable costs. Fixed costs are those that do not change based on the amount of product produced. Because the rent of a facility or the cost of a piece of equipment does not go up or down based on production, rent and equipment insuranc are fixed costs.

Exam with this question: IoT Fundamentals Final Exam Answers Connecting Things

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