Period Costs ________

question 64

Multiple Choice

Period costs ________.

• A) include only fixed costs
• B) seldom influence financial success or failure
• C) include the cost of selling, delivering, and after-sales support for customers
• D) should be treated as an indirect cost rather than as a direct manufacturing cost

Grasp evolutionary psychology principles as they relate to human behavior and their testability.

Identify the number of chromosomes in human beings and distinguish between genetic conditions affecting gender.

Recognize the impact of social and cultural influences on gender roles and gender identity.

Understand the social learning theory and its significance in explaining social behaviors including gender typing.

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Definitions:

Operating Expenses

Expenses incurred during the normal operation of a business, not including the cost of goods sold.

Supplies Expense

The cost incurred from using supplies during an accounting period, recognized as an expense.

Net Income

The total profit of a business after all expenses and taxes have been subtracted from total revenue.

Inventory

Items that are held by a company for the purpose of selling in the near future or the materials used to produce those goods.