Which of the Following Is a Cost Associated with Labor

question 85

Multiple Choice

Which of the following is a cost associated with labor?

• A) Salaries
• B) Bonuses
• C) Fringe benefits
• D) All of the choices are correct

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Definitions:

Producers

Individuals or companies that create goods or services for sale or exchange.

Excise Tax

A tax imposed on specific goods, services, or transactions, often aimed at discouraging their use or raising government revenue.

Consumers

Individuals or entities that purchase goods or services for personal use and not for manufacture or resale.

Producers

Entities or individuals involved in the creation of goods or services for the market.