Credit Cards Are

question 88

Multiple Choice

Credit cards are

• A) money but are not a large part of the money supply.
• B) not money.
• C) money and are the largest part of the money supply.
• D) not money because they are not made of paper.

---

Definitions:

Variable Cost

Costs that change in proportion to the level of goods or services produced, such as materials and labor.

Predetermined Overhead Rate

A calculated rate used to allocate overhead costs to products or services, often based on a specific activity such as labor hours or machine hours.

Special Order

An order for products or services that is outside the company's normal scope of work, often requiring a custom quotation or pricing.

Direct Labor

The workforce costs directly involved in producing a product or delivering a service, excluding indirect labor expenses.