Expenses Not Related Directly to Producing Goods and Services Are

question 54

Multiple Choice

Expenses not related directly to producing goods and services are popularly referred to as:

• A) staff salaries.
• B) overhead.
• C) core costs.
• D) fixed costs.

---

Definitions:

Ordinary Annuity

A series of equal payments made at regular intervals over a specified period of time.

Future Value

The value of a current asset at a specified future date, based on an expected rate of growth or return.

Annuity Due

An annuity for which the payment is due immediately at the beginning of each period, rather than at the end.

Ordinary Annuities

Identical financial amounts distributed at the termination of back-to-back periods, within a set period.