The ODBC API Standard Defines Three Levels of Compliance: _____

question 54

Multiple Choice

The ODBC API standard defines three levels of compliance: _____, Level-1, and Level-2, which provide increasing levels of functionality.

• A) Elementary
• B) Basic
• C) Core
• D) Level-0

---

Definitions:

Direct Labour Cost

A cost that can be directly attributed to the production of specific goods or services, such as wages paid to employees who physically produce a product.

Overhead Applied

The portion of indirect costs allocated to a specific product or department within a company, based on a predetermined overhead rate.

Cost of Goods Sold

The immediate expenses linked to the creation of products sold by a business, encompassing both materials and labor costs.

Job Costing

A cost accounting method used to track costs to a specific job or project, allowing companies to calculate its profitability.