Which Criteria Under IAS 38 Would Be Met If the "Project

question 8

Multiple Choice

Which criteria under IAS 38 would be met if the "project has a dedicated group of qualified staff"?

• A)Technical feasibility.
• B)Marketability of usefulness.
• C)Resource adequacy.
• D)Ability to use or sell.

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Definitions:

Average-Variable-Cost

The total variable cost divided by the quantity of output produced.

Marginal Costs

The investment required to manufacture an incremental unit of a product or service.

Variable Costs

Costs that change in proportion to the level of activity or production volume.

Fixed Costs

Costs that do not change with the level of output produced by the firm, such as rent, salaries, or loan repayments.