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:

Forward Market

A financial market in which participants can enter into contracts to buy or sell assets at a specified future date and price.

Spot Market

The Spot Market is a public financial market in which financial instruments or commodities are traded for immediate delivery.

Foreign Currency

The currency of another country, which is required for foreign trade and investment.

Hedge

An investment or action taken to reduce the risk of adverse price movements in an asset.