Which of the Following Is NOT a Product Cost

question 45

Multiple Choice

Which of the following is NOT a product cost?

• A) Indirect labour
• B) Raw materials used
• C) Insurance on the plant
• D) Advertising expense

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Definitions:

Competencies

The combination of observable and measurable knowledge, skills, abilities, and personal attributes that contribute to enhanced employee performance and ultimately result in organizational success.

Firm-Specific Human Capital

Skills, knowledge, and abilities that an employee acquires through training and experience that are valuable to a specific firm.

Tacit Knowledge

Knowledge that is difficult to transfer to another person by means of writing it down or verbalizing it, often gained through personal experience.

Civilian Conservation Corps

A public work relief program in the United States during the Great Depression that provided unskilled manual labor jobs related to the conservation and development of natural resources.