Which of the Following Is NOT One of the Categories

question 28

Multiple Choice

Which of the following is NOT one of the categories that General Electric considers when making decisions?

• A) political
• B) technological
• C) philosophical
• D) environmental
• E) economic

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Definitions:

Direct Labor

The cost of wages for those workers directly involved in the production of goods or services, not including support staff.

Overhead

General business expenses that are not directly attributable to a specific business activity, product, or service but are necessary for the business to operate.

Variable Manufacturing Costs

Costs that vary in direct proportion to changes in production volume, including costs such as raw materials and direct labor.

Operating Income

The profit realized from a business's operations after deducting operating expenses from gross profit.