Practice Quiz

Forensic Accounting

Category - Fundamental Forensic Knowledge

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Which of the following is NOT a cost that a practitioner should consider in litigation?
  1. Marginal cost
  2. Average cost
  3. Variable cost
  4. Justifiable cost
Explanation
Answer: D - Marginal, average and variable costs are the types of cost that the practitioner should know about. All of the above affect the economic and financial environment related to a specific case. In litigation that particularly relates with economics, this is one of the essential factors that need to be considered.
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