The Labour Charge Per Hour in Time-And-Material Pricing Includes All

question 7

Multiple Choice

The labour charge per hour in time-and-material pricing includes all of the following except

• A)an allowance for a desired profit.
• B)charges for labour loading.
• C)selling and administrative costs.
• D)overhead costs.

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Definitions:

Idea Generation

The inventive method of creating, shaping, and transmitting original ideas.

Finding Approach

A method or strategy used to discover or uncover specific information, solutions, or resources.

Unmet Needs

The gaps in the market where demand for a product, service, or solution exists but is not currently being met by the supply.

Entrepreneurs

Individuals who undertake the creation, organization, and management of a business venture, along with its risks, in order to make a profit.