ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Semi-variable costs are costs that are partly fixed and partly variable e.g. basic salary + commission ____
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Direct expenses can be classified as semi-variable costs, since the variable portion will change with increases and decreases in production. A good example of this would be on-call or overtime pay.
Detailed explanation-2: -Semi-variable Costs (or semi-fixed costs): These costs are partly fixed and partly variable.
There is 1 question to complete.