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September 16, 2015

What do you understand by the following terms?

What do you understand by the following terms?
(i) Direct costs
(ii) Indirect costs
(iii) Fixed costs
(iv) Variable costs

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What do you understand by the following terms?

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Related Model Questions

Discuss, using examples (preferably from named organisations) and references to appropriate literature/research evidence in order to support your views.

How is diversification a form of risk transfer? In what way does it result in risk reduction?

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