Question

Agent Patrick just started working for Freeside Realty. He was required to pay an initial fee of $40 for business cards and $150 for training. The total $190 is usually referred to as what?

Answer 1

Answer:

A. Start up costs

Explanation:

Start up costs are are costs that occurs only once and are incurred when setting up a business or when starting work in a new company. They are non-recurring costs incurred during the process of creating new businesses. Examples of start up costs includes Legal fees, employees trainings, advertisement activities and so on. The type of start up cost incurred is based on the business/organization and the business/organization's needs. As there are different types of businesses. They are one time cost often allowed to be amortized.