Which of the Following Pairs of Terms Have the Same

question 290

Multiple Choice

Which of the following pairs of terms have the same extension?

• A) Lexus, Infinity.
• B) New York, Los Angeles.
• C) Yard, meter.
• D) Wolf, wolf weighing less than two thousand pounds.
• E) Tallest mountain on earth, tallest mountain on Mars.

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Definitions:

Direct Labor

The labor costs of all employees actually engaged in producing or directly working on a product.

Direct Materials

Raw materials that are directly used in the production of a product and can be easily traced back to the product.

Product Cost

The total amount of costs directly assigned to the creation of a product, including materials, labor, and overhead.

Operating Expenses

All the costs associated with the day-to-day operations of a business, excluding the direct costs of producing goods and services.