Mark Is an Engineer Who Has Designed a Telecommunications Device

question 116

Multiple Choice

Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device.Rent on the administrative office space is:

• A) a variable cost
• B) an opportunity cost
• C) a period cost
• D) a product cost

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Knowledge that is easily articulated, recorded, or shared, such as facts, instructions, or manuals.

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