The Chapter focuses on the costs of doing business. In the chapter we discussed the costs that faced a hypothetical company. Use the internet to examine an actual firm's costs in more detail. Read the annual reports for IBM Corporation. Can you find any cost information? If so, use the information presented to answer the following questions.

Questions

1. Are costs listed as accounting and economic costs?
2. Are costs listed as variable and fixed costs?
3. Can you find costs that seem to be variable? List them.
4. Can you find costs that might be fixed? List them.