Overhead Costs Associated with the Number of Layers of Management

question 6

Multiple Choice

Overhead costs associated with the number of layers of management in a firm are part of the ________ activities of the value chain.

• A) human resources management
• B) firm infrastructure
• C) operations
• D) marketing and sales

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of goods sold in a company, including material and labor costs.

Balance Sheet

A report detailing a company's assets, liabilities, and equity held by shareholders at a certain moment.

Spreadsheet

A digital tool that allows users to organize, calculate, and analyze data in tabular form, commonly used for financial analysis and planning.

Job-Order Costing

An accounting method that assigns costs to individual jobs or batches, typically used in manufacturing on a per-order basis.