1.Which one is not correct in terms of cost concepts?

A.Cost is measured in monetary units

B.Rent is considered a variable cost

C.Cost is the amount of a resource consumed to gain a specific objective

D.Some cost types are fixed costs, variable costs, and overhead costs

5. We have a problem that has a risk level of intermediate, needs an organized analysis with a pen/paper and also the answer with a single criterion with deterministic to intermediate variation. This would indicate a problem with a simple nature.

True or False