Choose the Word or Phrase in [ ] Which Will

question 15

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The average age of the American population is [decreasing | increasing].

---

Definitions:

Indirect Materials

Materials used in the production process that cannot be directly traced to a finished product, such as lubricants and adhesives for machinery.

Product Cost

The total expense incurred to produce and deliver a product or service, including materials, labor, and overhead costs.

Period Cost

Costs incurred that do not directly relate to the production of goods, such as sales and administrative expenses.

Salespersons' Commissions

This refers to the payment made to sales staff based on a percentage of the sales they generate, as a form of incentive and reward.