Which of the Following Is True for Tangible Costs

question 30

Multiple Choice

Which of the following is true for tangible costs?

• A) They are recurring costs.
• B) They are always non-recurring costs.
• C) They are relatively easy to quantify.
• D) They are the same as intangible benefits.
• E) They are always fixed costs.

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Definitions:

Substantial Performance Standard

A legal principle that if a party has largely fulfilled its obligations under a contract, with only minor breaches, it is entitled to payment, minus damages for the breaches.

Reasonable Person Standard

A legal standard used to determine how an average person would responsibly act in certain situations, applying an objective perspective.

Express Condition

A clearly stated, specific condition in a contract that must be met for the performance of the contract to be required or for a party to fulfill its obligations.

Implied Condition

A legal term referring to a term or condition not expressly stated in a contract but assumed to be included by necessity or by the nature of the agreement.