Quiz Yourself – This Month’s CMP Questions

1. The value added tax (VAT) is a:

1. Point-of-sale tax
2. Tax levied upon entering the country
3. Tax levied upon departure from the country
4. Tax determined by the monetary value of the meeting based off of a four-step criteria

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2. When creating a budget, you need to distinguish between several types of costs.  These do not include:

1. Variable costs
2. Indirect costs
3. Supplemental costs
4. Fixed costs

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Answers:

1.            a
2.            c