When Computing Costs as Part of a Cost-Effectiveness Study, Which

question 2

Multiple Choice

When computing costs as part of a cost-effectiveness study, which of the following is a category of costs to consider?

• A)personnel including salary and fringe benefits
• B)facilities costs including rent and maintenance
• C)equipment required by the program
• D)all of the above
• E)none of the above

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Definitions:

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period.

Cost Of Goods Sold

The immediate expenses associated with manufacturing the products a company sells, such as materials and workforce costs.

Inventory

The complete inventory of products and materials that a company keeps for the aim of either selling them or using them in manufacturing.

Tangible Assets

Assets with a physical form such as machinery, buildings, and land that a company owns and uses in its operations.