Which of the Following Is/are the Criteria for a Common

question 42

Multiple Choice

Which of the following is/are the criteria for a common carrier?

• A) The carriage must be part of its business.
• B) The carriage must be for remuneration.
• C) The carrier must represent to the general public that it is willing to serve the public in the transportation of property.
• D) All of these are criteria.

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Definitions:

Factory Overhead

The total indirect costs associated with manufacturing, excluding direct labor and direct materials.

Direct Materials

Raw materials that can be directly attributed to the production of finished goods in a manufacturing process.

Salesperson Commissions

Payments made to sales staff based on a percentage of the sales they generate, used as an incentive to increase sales performance.

Prime Costs

The direct costs of manufacturing, specifically direct labor and material costs.