Rent, Utilities, Insurance and Administrative Costs Are Examples Of

question 57

Multiple Choice

Rent, utilities, insurance and administrative costs are examples of:

• A) Direct Costs
• B) Indirect Costs
• C) Sunk Costs
• D) Learning Curve Costs
• E) Reserves Costs

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Definitions:

Information Technology (IT)

The use of computers, networking, storage, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Capability

The ability or power to do something effectively or to achieve a particular outcome.

Adhocracy

An organizational model characterized by flexibility, employee empowerment, and an emphasis on innovation, often in contrast to bureaucratic structures.

Efficient

Characterizes a process or system that achieves its goals with minimal waste of time, resources, or effort.