ECONOMICS

Detailed explanation-1: -Ownership costs (also called fixed costs) usually include depreciation, interest on borrowed money, license and insurance.

Detailed explanation-2: -Fixed costs can include property taxes, rent, salaries and the cost of benefits for non-sales and management personnel. They are one of three types of costs incurred by most businesses. The others are variable and semi-variable costs.

Detailed explanation-3: -If a company bills out the time of its employees, and those employees are only paid if they work billable hours, then this is a variable cost. However, if they are paid salaries (where they are paid no matter how many hours they work), then this is a fixed cost.

Detailed explanation-4: -Fixed costs include any number of expenses, including rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.