Al has opened a auto repair shop.The monthly payment on the tools he recently purchased,the rent on his business location,and his business license are all examples of what type of costs?

Question

Quizplus · Accepted Answer

Fixed costs refer to expenses that are constant regardless of the level of output or sales. The monthly payment on tools, rent, and business license are all recurring fixed costs that Al will incur each month, regardless of how many cars he repairs.

Al Has Opened a Auto Repair Shop