you pay a monthly fee to have telephone service for your business. the amount you pay is the same every…

you pay a monthly fee to have telephone service for your business. the amount you pay is the same every month. this is an example of a ______ cost. (select the best answer.)\nfixed\nvariable\nrevenue\nprofit

you pay a monthly fee to have telephone service for your business. the amount you pay is the same every month. this is an example of a ______ cost. (select the best answer.)\nfixed\nvariable\nrevenue\nprofit

Answer

Brief Explanations:

Fixed costs are expenses that remain constant regardless of the level of production or business activity. Since the monthly telephone - service fee is the same every month, it fits the definition of a fixed cost. Variable costs change with the level of production or activity, revenue is income from business operations, and profit is the difference between revenue and costs.

Answer:

Fixed