Which One of the Following Is an Example of a Period

question 48

Multiple Choice

Which one of the following is an example of a period cost?

• A) A change in benefits for the union workers who work in the New York plant of a Fortune 1000 manufacturer
• B) Workers' compensation insurance on factory workers' wages allocated to the factory
• C) A box cost associated with computers
• D) A manager's salary for work that is done in the corporate head office

Recognize how secure private property rights and contract enforcement enhance market efficiency.

Understand the implications of rent controls and price ceilings on market equilibria and housing quality.

Grasp the economic reasoning behind pricing mechanisms in the market, including the effects of price controls on goods availability.

Recognize the role of non-price factors in rationing goods when price controls are in place.

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Definitions:

Consuming Fossil Fuel

The act of using fossil fuels, such as coal, oil, and natural gas, for energy, leading to environmental and climate impacts.

Surface Air Temperatures

The measure of the warmth of the air near the Earth's surface, typically indicating climatic conditions or changes.

Carbon Dioxide Levels

The concentration of carbon dioxide gas in the Earth's atmosphere, which is a significant factor contributing to the greenhouse effect and global warming.

Positive Relationship

A relationship characterized by mutual respect, trust, support, and good communication between individuals or entities.