Which of the Following Is Normally Considered to Be a Product

question 64

Multiple Choice

Which of the following is normally considered to be a product cost?

• A)Insurance on a factory building.
• B)Selling expenses.
• C)President's salary.
• D)Miscellaneous office expense.

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Definitions:

Karl Marx

A German philosopher, economist, and revolutionary socialist best known for his works on capitalism and communism, including the Communist Manifesto.

Max Weber

Max Weber was a German sociologist, philosopher, and political economist whose works on bureaucracy, social stratification, and the sociology of religion are foundational to modern sociology.

Capitalism

An economic system characterized by private ownership of the means of production and the creation of goods or services for profit.

Revolution

Describes a fundamental and relatively rapid change in political power or organizational structures that takes place in a relatively short period of time.