A Business Will Not Be Successful Unless It Charges a Price

question 97

Multiple Choice

A business will not be successful unless it charges a price for its products that covers its total

• A)cost and a margin of profit.
• B)cost of goods and selling cost.
• C)fixed cost and overhead cost.
• D)variable cost and cost of goods.

Differentiate between autotrophic and heterotrophic organisms and their role in ecosystems.

Comprehend the flow of energy through ecosystems and the importance of primary production.

Recognize the impact of human activities on nutrient cycles and the atmosphere.

Understand the main sources and impacts of increasing greenhouse gases.

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Definitions:

Indirect Labor

Refers to wages paid to employees who are not directly involved in the production of goods but support those who are.

Cost Elements

Cost Elements are the various types of expenses incurred in the production of goods or services, including materials, labor, and overhead.

Manufacturing

The process of producing goods from raw materials through the use of machinery and labor.

Managerial Functions

Core responsibilities of managers within an organization, including planning, organizing, leading, and controlling.