The Costs of Management Salaries That Are Not a Part

question 24

Multiple Choice

The costs of management salaries that are not a part of the costs of providing programs or services are referred to as:

• A)Period costs
• B)Product costs.
• C)Cost of goods sold.
• D)Conversion costs.
• E)None of the above.

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Definitions:

Total Return

The overall financial gain or loss on an investment over a specified time period, including both capital gains and any income received.

Long-Term Growth

The process of expanding or improving a business, investment, or economic endeavor over a considerable period, aiming for sustained and stable progress.

Functional Expenses

In non-profit accounting, these are the expenses directly related to the organization's programmatic, fundraising, and administrative activities.

Expense Allocated

The method by which costs are assigned to different departments, projects, or activities within an organization.