The Uniform Commercial Code Does Not Apply To

question 46

Multiple Choice

The Uniform Commercial Code does not apply to:

• A) employment contracts.
• B) service contracts.
• C) insurance contracts.
• D) contracts involving real property.
• E) All of these.

---

Definitions:

Direct Materials Cost

The cost of raw materials and components that are directly used in the production of a product.

Activity-Based Costing

A method of accounting in which costs are assigned to products or services based on the resources they consume.

Direct Labor-Hours

The collective work hours of personnel directly part of the production workflow.

Direct Materials Cost

The cost of raw materials directly involved in the production of goods, easily traceable to specific products.