MANAGEMENT

Detailed explanation-1: -Fixed costs include any number of expenses, including rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities. For instance, someone who starts a new business would likely begin with fixed costs for rent and management salaries.

Detailed explanation-2: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments. Some kinds of taxes, like business licenses, are also fixed costs. Since you have to pay fixed costs regardless of how much you sell, you should be careful about adding fixed costs to your small business.

Detailed explanation-3: -Answer and Explanation: The answer is A. Rental costs for factory space are a fixed cost because the amount of output does not affect the amount the firm has to pay to rent the factory space.

Detailed explanation-4: -Fixed costs remain constant for a specific period. These costs are often time-related, such as the monthly salaries or the rent. For example, the rent of a building is a fixed cost that a small business owner negotiates with the landlord based the square footage needed for its operations.

Detailed explanation-5: -Fixed costs can include property taxes, rent, salaries and the cost of benefits for non-sales and management personnel.