Which of the Following Would Be Considered a Product Cost

question 210

Multiple Choice

Which of the following would be considered a product cost for a manufacturing business?

• A) research and development
• B) factory property taxes
• C) advertising
• D) delivery costs

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Definitions:

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, sharp deflation, and a significant fall in economic output.

GDP

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Government Purchases

Expenditures by the government on goods and services that directly consume economic resources, distinct from transfer payments.

Short Run

A period in economics during which some factors of production are fixed, limiting the ability of the economy or a firm to adjust to changes.