16)Total variable cost = variable cost per unit quantity produced. *

True

False

17)Capital can be used for business start-up, such as the payment of any business fees or licenses. *

True

False

18)Washing machines, DVD players and cars are examples of consumer goods. *

True

False

19)External sources of finance are cheaper than the internal sources of finance. *

True

False

20)Written communications involve the sender speaking directly to a receiver. *

True

False