IDs and Paired-Concept Questions

question 4

Short Answer

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
-Future of aid,recipient participation

---

Definitions:

Wages

Payments made to employees, typically calculated on an hourly, daily, or piecework basis, for labor or services provided.

Finished Goods

Products that are completed and ready to be sold.

Cost Of Goods Manufactured

The total cost incurred by a company to produce goods in a specific period, including materials, labor, and overhead.

Variable Costs

Expenses that vary directly with the level of production or service activity, such as raw materials and direct labor costs.