It Is Very Common for Manufacturers to Concentrate in Certain

question 30

True/False

It is very common for manufacturers to concentrate in certain geographic areas and by type of industry.

---

Definitions:

Overhead

The ongoing administrative, operational, or general business expenses that are not directly tied to the production of goods or services.

Depreciation Costs

The allocation of the cost of a tangible asset over its useful life.

Relevant Costs

All costs that vary with the consequence of a decision.

Irrelevant Costs

Costs that will not be affected by a decision and thus should not influence the decision-making process.