Hamid Is a Professional Engineer

question 85

Multiple Choice

Hamid is a professional engineer. He is not permanently in a management role, but is paid at management rate, and can choose to take up management roles without sacrificing his engineering role. How would you describe his career path?

• A) complex career path
• B) boundaryless career path
• C) dual career path
• D) divergent career path

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Definitions:

Direct Labor

The cost associated with workers who are directly involved in the production of goods or services.

GAAP

Generally Accepted Accounting Principles; a set of rules and standards used for financial reporting and accounting.

Cost Flow Assumption

An assumption about how costs are removed from inventory and reported as cost of goods sold, influencing how inventory and profits are accounted for.

Variable Costing

An accounting method that only includes variable costs in product costs and treats fixed costs as period expenses.