Select the Appropriate Classification of the Items Listed Below

question 149

Multiple Choice

Select the appropriate classification of the items listed below.
-Salary of chief executive officer

• A)selling expense
• B)administrative expense
• C)direct materials
• D)direct labor
• E)overhead

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Definitions:

Forward Exchange Rate

The rate at which two currencies will be exchanged at a specified future date, agreed upon today.

Strong U.S. Dollar

Strong U.S. Dollar refers to a situation where the value of the U.S. dollar is high relative to other currencies, impacting international trade and economic conditions.

Export Demand

The demand for domestic goods and services in foreign markets.

Hedging

A risk management strategy used to offset potential losses in investments by taking an opposite position in a related asset.