The Salary of the Project Manager and Temporary Rental Space

question 32

Multiple Choice

The salary of the project manager and temporary rental space for the project team would be classified as __________ costs.

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

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Definitions:

Marginal Product

Marginal Product is the additional output produced as a result of utilizing one more unit of a particular input, holding all other inputs constant.

Stock Dividends

A form of dividend payment made by a corporation to its shareholders in the form of additional shares, rather than cash.

Factors of Production

The inputs used in the production of goods or services; traditionally includes land, labor, capital, and entrepreneurship.

Marginal Product

The additional output a firm gains from employing one more unit of input, holding the levels of all other inputs constant.