It Is More Difficult to Estimate Fixed and Variable Cost

question 45

True/False

It is more difficult to estimate fixed and variable cost per unit for a project during planning than once the project is underway.This is because,once a project is operational,the firm has access to clearly reported and separated actual costs that the project incurs.

---

Definitions:

Determination

The process of making a firm decision or settling a matter with conclusiveness.

Business Organization

The structure and legal form under which a business operates, such as a corporation, partnership, or sole proprietorship.

Incorporation

The act of officially recognizing a business entity as distinct from its proprietors, offering limited liability and additional advantages.

Registration Jurisdiction

Refers to the specific geographical area or legal authority where a business or property must be registered.