Computer Software Would Be an Example of

question 30

Multiple Choice

Computer software would be an example of

• A)an intangible good
• B)a nondurable good
• C)a service
• D)a value creation process

---

Definitions:

Indirect Materials

Materials that are used in the production process but are not directly traceable to a finished product, such as lubricants and cleaning supplies used in a manufacturing facility.

Prime Cost

The combined direct costs of manufacturing a product, specifically direct materials and direct labor.

Plant Janitor's Wages

The compensation paid to janitorial staff responsible for cleaning and maintaining industrial or manufacturing facilities.

Direct Labor Wages

The compensation paid to employees who are directly involved in the production of goods or the provision of services.