Which Type of Pricing Includes All Costs, Both Fixed and Variable

question 21

Multiple Choice

Which type of pricing includes all costs, both fixed and variable, and a profit percentage is added on?

• A) Demand Pricing
• B) Competitive Pricing
• C) Markup Pricing
• D) Cost-Plus Pricing

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Definitions:

Government

The system or group of people governing an organized community, often a state, and the organization by which this group exercises authority and performs functions.

Unexpired Service Potential

the remaining usefulness or service capacity of an asset, usually in the context of public sector accounting.

CICA PSA Handbook

The Public Sector Accounting Handbook issued by the Canadian Institute of Chartered Accountants, providing guidelines for accounting practices in the public sector.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to bring transparency, accountability, and efficiency to financial markets around the world.