Which of the Following Is Not Considered a Major Element

question 12

Multiple Choice

Which of the following is not considered a major element that affects a supplier's cost?

• A) Effectiveness of competitors
• B) Capabilities of management
• C) Efficiency of labor
• D) Amount and quality of subcontracting
• E) Plant capacity and the continuity of output

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Definitions:

State Unemployment

A government-provided insurance program that offers temporary financial assistance to workers who have lost their jobs.

SUTA

This stands for State Unemployment Tax Act, which is a payroll tax that employers must pay to the state to fund its unemployment benefits program.

Current Liabilities

Short-term financial obligations that are due within one year or within a normal operating cycle.

Quick Ratio

A liquidity metric that indicates a company's ability to cover its current liabilities without selling inventory, calculated as (cash plus marketable securities plus accounts receivable) divided by current liabilities.