Always Stop Speaking Before the Audience Stops Listening

question 2

True/False

Always stop speaking before the audience stops listening.

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Definitions:

Administrative Expenses

Costs related to the general operation of a business that are not directly tied to producing goods or services.

Period Costs

Expenses that are incurred regardless of the level of production, such as sales and administrative costs, and are directly expensed on the income statement.

Direct Materials

refers to raw materials that are directly traceable to the manufacturing of a product and are an integral part of the finished product.

Direct Labor

The cost of wages and benefits for employees who are directly involved in the production of goods or services.