Q:
      
      
         
            
Which of these is the best description of fixed expenses?
 
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: D) All the above         
         
Explanation: Fixed expenses are those expenses that do not change when there is a change in production or sales level.
 
Examples of Fixed Expenses are rent, insurance, payment on loans, salaries, advertising, etc...
 
       
      
      
      
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