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:

Factor Analysis

A statistical method used to identify underlying variables, or factors, that explain the pattern of correlations among multiple observed measures.

Empirically Derived Testing

A method of creating assessment tools based on data collected from experiments or observations, as opposed to theory-based methods.

Projective Testing

A psychological assessment tool that uses ambiguous stimuli to elicit responses that reveal aspects of an individual’s personality.

Personality Trait

enduring characteristics or qualities that describe an individual's behavior across different situations.