The Making/assembling and Selling of Automobiles Requires Which Level(s) of Economic

question 31

Multiple Choice

The making/assembling and selling of automobiles requires which level(s) of economic activity?

• A) Primary
• B) Secondary
• C) Tertiary
• D) Both A and B
• E) All of the above

---

Definitions:

Indirect Costs

Expenses not directly tied to a specific product or service, such as overhead costs like utilities and rent.

Administrative Expenses

Costs related to the general management and administration of an organization such as salaries of senior executives, legal and professional fees.

Managerial Accounting

Managerial Accounting focuses on providing financial and non-financial information to an organization's management for decision-making, planning, and performance evaluation.

Financial Accounting

Financial accounting involves the recording, summarizing, and reporting of monetary transactions from business operations, presented in financial statements.