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
Please login or Register to submit your answer