All of the Following Are Cost Elements of an Operating

question 11

Multiple Choice

All of the following are cost elements of an operating statement except

• A)cost of goods sold.
• B)inventory.
• C)returns and allowances.
• D)direct labor.
• E)gross margin.

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Definitions:

Social Needs

Social needs are inherent psychological requirements for belonging, love, and interpersonal relationships that motivate behavior.

Interpersonal Relationships

Social connections and associations between two or more individuals, varying in duration and levels of intimacy and significance.

Esteem Needs

are psychological requirements for respect, self-esteem, recognition, and confidence, part of Maslow's hierarchy of needs.

Personal Competence

An individual's ability to effectively manage and use their own emotions and skills in various situations.