The Most Important Rule for Any Subordinate Is the Prime

question 20

Short Answer

The most important rule for any subordinate is the Prime Law of Life on any project: __________.

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Definitions:

Direct Cost

A cost that can be easily and conveniently traced to a specified cost object.

Prime Cost

Direct materials cost plus direct labor cost.

Direct Labor

Work done by employees that can be directly traced to the production of goods or services, as opposed to indirect labor involved in support activities.

Direct Materials

The raw materials that are directly traceable to the manufacturing of a product and are an integral part of the finished product.