All of the Following Are Components of a Job Description

question 22

Multiple Choice

All of the following are components of a job description for a salesperson,except:

• A)to whom the salesperson reports
• B)how a salesperson interacts with other employees
• C)the customers to be called on
• D)compensation plan

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Definitions:

Period Cost

Expenses incurred during a specific period of time that are not directly tied to the production of goods or services.

Prime Costs

consists of the direct costs directly attributable to the manufacture of goods, specifically direct materials and direct labor.

Conversion Costs

Costs incurred to convert raw materials into finished products, typically including direct labor and manufacturing overhead.

Managerial Accounting

The practice of identifying, measuring, analyzing, and interpreting accounting information to help managers make informed operational decisions.