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Marc starts talking to Joyce about the field trip to the zoo, which reminds him of the book he read on tigers last week. He concludes by telling Joyce that the new library is very easy to use. This phenomenon illustrates the concept of
Indirect Costs
Expenses not directly tied to the production of goods or services, such as administrative overheads.
Developmental Costs
The expenses associated with the creation and implementation of projects, programs, or products, including research, design, and training programs.
Overhead Costs
Expenses that are not directly tied to production or operations, such as rent, utilities, and management salaries, necessary for running a business.
Standard Costs
An estimated or predetermined cost of performing an operation or producing a good, used in budgeting and pricing.
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