Exam (elaborations)
APM PMQ Business Case and Investment Appraisal Correct 100%
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- Institution
What is a fixed cost? - Answer A cost that remains the same over a given period of time irrespective of output/production changes e.g. rent, rates, step fixed costs. What is a variable cost? - Answer Refers to a constant amount per unit of output/production e.g. changes in proportion to the volu...
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