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.) 1ITExamAnswers Staff asked 5 months ago

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.

More Questions: IoT Fundamentals Final Exam Answers Connecting Things


Related Articles

guest
0 Comments
Inline Feedbacks
View all comments