When Determining a Cost Structure for a Business Model, Equipment

question 55

Multiple Choice

When determining a cost structure for a business model, equipment lease payments would be an example of a _____ cost.

• A) fixed
• B) variable
• C) semi-variable
• D) static

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Definitions:

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, giving rise to the outer layer of the skin, central and peripheral nervous systems, eyes, inner ear, and many connective tissues.

Self-Defense

The legally recognized privilege to protect oneself or one’s property against injury by another. The privilege of self-defense protects only acts that are reasonably necessary to protect oneself or one’s property.

Reasonably Necessary

A legal standard indicating actions or measures needed to achieve a particular purpose without being excessive or impractical.

Injury

Physical harm or damage to an individual's body, or psychological harm to an individual's mental state.