When You Sell Your Bicycle to Another Individual on EBay

question 57

Multiple Choice

When you sell your bicycle to another individual on eBay, you are engaging in which type of e-commerce?

• A) C2C
• B) B2C
• C) B2B
• D) C2B

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Definitions:

Personnel Expenses

The costs associated with employing staff, including wages, salaries, benefits, and taxes.

Direct Labor

The wages of employees directly involved in the production of goods or services, considered a variable cost.

Activity Level

Activity level refers to the volume of production or operations in a business. It is a determinant in both variable costing and activity-based costing, impacting how costs are allocated and managed.

Spending Variance

The difference between the budgeted amount of expenses and the actual amount spent.