Costs are the necessary expenditures that must be made to run a business; thus every factor of production has an associated cost. The four types of costs that a business must consider in making business decisions are:
1) Direct versus indirect costs: Direct costs are easy to match with a process or product, while indirect costs are more distant and have to be allocated to a process or product.
2) Fixed versus variable costs: This is where one's business sells more units of a particular item; thus some costs increase accordingly (variable costs), but others don’t budge one bit (fixed costs).
3) Relevant versus irrelevant costs: This is where not every cost is essential to every decision you need to make about your business. Hence the distinction between relevant and irrelevant costs.
4) Actual, budgeted, and standard costs: This is where the actual costs of your business incurs may differ (though hopefully not significantly) from its budgeted and standard costs.
Same thing from the other question I answered.
Answer:
B, C, and D
Explanation:
Enlightenment was the phenonmenon of rejecting social normas, such as the need for a King
The answer is B. because the french saw that the fur skins made a large profit. so they established fir trading posts to trade with the Native Americans.
Civic and political participation is important so that decisions
are not made by a few people. Participation by the masses insures
greater freedom.
