Fixed costs are those costs that do not change as the level of activity increases or decreases.However,fixed costs may be classified as discretionary or committed.Explain the differences in these classifications and give an example of each.Discuss why managers should consider the impact of these costs in the decision making process in times of falling profits.

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The Answer of Fixed costs are those costs that do not change as the level of activity increases or decreases.However,fixed costs may be classified as discretionary or committed.Explain the differences in these classifications and give an example of each.Discuss why managers should consider the impact of these costs in the decision making process in times of falling profits.

Fixed Costs Are Those Costs That Do Not Change as the Level