Mike Wants to Set Up a Factory to Manufacture Roller

question 105

Multiple Choice

Mike wants to set up a factory to manufacture roller skates.He plans to employ a hundred people in his factory.Mike's primary expenses include rent, utilities, insurance, administrative salaries (for executives and higher-level managers) , and depreciation of the physical plant and equipment.The expenses for raw material and labour to make the skates constitute the:

• A)standard costs.
• B)variable costs.
• C)rebate.
• D)improvement value.
• E)fixed costs.

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Definitions:

Relationships

Connections or associations between people, which can be emotional, social, professional, or familial.

Self-actualization

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Needs Hierarchy

A theory in psychology, proposed by Abraham Maslow, which posits that people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Oxytocin

A hormone, secreted by the pituitary gland, that stimulates uterine contractions during childbirth, facilitates the ejection of milk during nursing, and seems to promote, in both sexes, attachment and trust in relationships.