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WorksheetsU1 - The Bus Environ - D3 costs
Total questions: 10
Worksheet time: 8mins
Some of the expenses a business has to bear in the beginning to get it up and running are called
Start up costs
Fixed costs
Variable costs
Direct costs
Indirect costs
Costs that do not vary with the activity i.e. levels of making a product or providing a service are called
Start up costs
Fixed costs
Variable costs
Direct costs
Indirect costs
Costs that vary with the activity i.e. levels of making a product or providing a service are called
Start up costs
Fixed costs
Variable costs
Direct costs
Indirect costs
Costs that can be linked to a specific product or service in terms of levels of activity are called
Start up costs
Fixed costs
Variable costs
Direct costs
Indirect costs
Costs that can not be linked to a specific product or service in terms of levels of activity are called
Start up costs
Fixed costs
Variable costs
Direct costs
Indirect costs
.........................can be calculated by adding fixed costs and variable costs
Start up costs
Total costs
Direct costs
Indirect costs
.........................can be calculated by adding direct and indirect costs
Start up costs
Variable costs
Fixed costs
Operating costs
Another name for fixed costs could be
Start up costs
Direct costs
Indirect costs
Operating costs
Another name for variable costs could be
Start up costs
Direct costs
Indirect costs
Operating costs
Average cost or average revenue refers to per unit i.e one unit cost or revenue, respectively
True
False
