Sunday, 5 July 2015

Cima C01 Exam Question No 14

Question No 14:

Which ONE of the following statements is true?

A.
The total variable cost varies with a measure of activity.
B.
A variable cost is an unavoidable cost.
C.
A variable cost is not relevant for decision-making.
D.
A variable cost becomes fixed in the long run.

Answer: A

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