Define fixed cost and provide an example of a fixed cost in a healthcare setting.
- Paragraph 1 - answer the question.
- Paragraph 2 - expand your answer by including additional information and opinions - include information from a credible (peer-reviewed) external source or a real life example and/or experience from the workplace. Choose relevant healthcare concepts and/or terminology, explain what they mean, and write how they're relevant to this topic. Discussion on manufacturing, retail, and other examples are not relevant or substantial.
- Paragraph 3 - Summarize your answer, concluding with a thought or an opinion of your own.
Reference listed below:
https://saylordotorg.github.io/text_managerial-accounting/s09-01-cost-behavior-patterns.html