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    The level of variable cost is influenced by _______. I. Only fixed cost II. The duration of the project III. Only uncertainty
    Question

    The level of variable cost is influenced by _______.
    I. Only fixed cost
    II. The duration of the project
    III. Only uncertainty

    A.

    Only I

    B.

    Only II

    C.

    Only III

    D.

    All I, II, and III

    Correct option is B


    The duration of the project affects the level of variable costs since these costs vary with production output.

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