Costs That Are Not Directly Related to a Specific Project

question 20

Multiple Choice

Costs that are not directly related to a specific project, such as advertising, accounting, and senior management's salary, are classified as _____________ costs.

• A) general and administrative overhead
• B) direct
• C) direct project overhead
• D) fixed
• E) coordination

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Definitions:

Just-in-Time Manufacturing

Just-in-Time Manufacturing is a production model that aims to reduce in-process inventory and associated carrying costs by producing goods only as they are needed.

Customer Deliveries

The process or action of delivering goods to customers, often involving logistics, scheduling, and ensuring the right products reach customers in a timely manner.

Lean Business Model

A strategy focused on creating value for the end customer with the least possible waste, emphasizing efficiency and the elimination of non-value-added activities.

Manufacturing Environment

The setting or conditions in which manufacturing processes occur, involving production of goods in factories.