Examlex
Which of the following is included in "compensation of employees" part of the income approach to measuring GDP?
I. Wages and salaries.
II. Pension fund contributions.
III. Social security contributions.
License
A legal permission granted by an authority to conduct business, use intellectual property, or undertake certain activities.
Market
A venue or system where buyers and sellers interact to trade goods, services, or financial instruments.
Cost Driver
A factor that causes the cost of an activity or process to change, used in activity-based costing to allocate costs more accurately.
Support Department
Units within an organization that provide essential services or support to the primary operations departments but do not directly participate in production activities.
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