ECONOMICS

Detailed explanation-1: -General and administrative expenses are also typically fixed costs in nature, as they would stay the same regardless of the level of sales that occur.

Detailed explanation-2: -Administrative expenses may include salaries of senior management and the costs associated with general services or supplies; for example, legal, accounting, clerical work, and information technology.

Detailed explanation-3: -What are Administrative Expenses? Administrative expenses refer to the costs incurred by a company or organization that include, but are not limited to, the salaries and benefits of the administrative workers within the company or organization, as well as rent and managerial compensation.