What Type of Costs Are Least Likely to Be Reported

question 83

Multiple Choice

What type of costs are least likely to be reported in the budget of a grant proposal?

• A)administrative
• B)equipment
• C) supply
• D) travel

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Definitions:

Workers

Individuals engaged in any form of economic activity to earn a wage or salary.

Wage

Compensation received by employees for their labor or services, often expressed in terms of hourly, daily, or annual earnings.

Marginal Product

The additional output that is produced as a result of using one more unit of a particular input, such as labor or capital, while keeping other inputs constant.

Wage

The compensation paid to an employee for their labor, usually expressed as an hourly, daily, or weekly rate.