Prime Costs Include

question 68

Multiple Choice

Prime costs include:

• A)Direct material, direct labor, and manufacturing overhead.
• B)Direct material and direct labor.
• C)Direct labor and manufacturing overhead.
• D)Direct material and manufacturing overhead.
• E)Variable overhead and fixed overhead.

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Definitions:

Employee Empowerment

The practice of giving employees the authority and autonomy to make decisions and take actions that affect their work.

Knowledge Workers

Employees whose primary capital is knowledge, such as programmers, pharmacists, architects, engineers, scientists, design thinkers, public accountants, lawyers, and academics, whose job is to "think for a living."

Outsourcing

The practice of hiring external firms or individuals to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's expertise.