The Concept of "Wages" Includes the Following Items, Except

question 139

Multiple Choice

The concept of "wages" includes the following items, except

• A) direct money payments like salaries and commissions.
• B) bonuses and royalties.
• C) amounts spent by workers.
• D) fringe benefits like health insurance and paid leave.

---

Definitions:

Depreciation

The reduction in the value of an asset over time, particularly regarding tangible assets like machinery and vehicles.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Opportunity Cost

represents the value of the best alternative foregone as a result of making a particular choice.

Accounting Costs

Represent the explicit costs or direct financial expenditures associated with the operations of a business.