To Understand Unused Capacity,it Is Necessary to Distinguish Engineered Costs

question 11

Multiple Choice

To understand unused capacity,it is necessary to distinguish engineered costs and ________.

• A)elective costs
• B)facultative costs
• C)optional costs
• D)unrestricted costs
• E)discretionary costs

---

Definitions:

Capitalism

An economic system based on private ownership of the means of production and characterized by competition, profit motive, and market-driven allocation of resources.

Profit

The financial gain made in a transaction or through the operation of a business, calculated as the excess of revenues over expenses.

Alienated

describes a state of feeling estranged or disconnected from people, work, or society at large.

Industrial Production

The process of manufacturing goods in large quantities using machinery and industrial methods.