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Which of the following is NOT a factor used by Chen,Roll and Ross (1986) in their empirical test of the APT?
Factory Supervisors' Salaries
Compensation paid to individuals responsible for overseeing and managing factory operations and workers.
Direct Costs
Expenditures that can be directly traced to a specific cost object, such as a product or service.
Indirect Costs
Expenses not directly tied to the production of goods or services, such as overhead costs.
Machinery Setup
The process of assembling, configuring, and preparing machinery for operational use in manufacturing or industrial settings.
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