Mixed Costs Are Also Referred to as Semivariable Costs

question 100

True/False

Mixed costs are also referred to as semivariable costs.

---

Definitions:

Imported Oil

Oil brought into a country from another country to meet its demand for energy and petroleum products.

Tariff

A tax imposed by a government on imports or exports of goods.

Imported Oil

Oil that is brought into a country from abroad for use as fuel or raw material in various industries.

Tariff Revenue

The income generated by a government from imposing taxes on imported goods.