Which of the Following Is an Example of a Period

question 103

Multiple Choice

Which of the following is an example of a period cost?

• A) Advertising expense
• B) Depreciation on factory equipment
• C) Indirect materials
• D) Property taxes for the factory

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Definitions:

Deregulation

The removal of most or even all of the government regulation and laws designed to supervise an industry. Sometimes undertaken to combat regulatory capture.

Economists

Experts or professionals who study, develop, and apply theories and concepts in economics to analyze how societies utilize scarce resources.

Monopoly

A market condition where a single firm has exclusive control over a product or service, eliminating competition.

Negative Externalities

Adverse effects suffered by a third party or the public as a result of an economic transaction or activity.