Which Type of Costs to Fulfil a Contract Are Excluded

question 11

Multiple Choice

Which type of costs to fulfil a contract are excluded from being classified as assets?

• A) Direct materials
• B) General and administrative costs
• C) Direct labour
• D) Costs that relate directly to a contract

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Definitions:

Integrative Conflict

A conflict resolution approach that involves finding solutions that satisfy the needs and interests of all parties involved.

Superordinate Goals

Attractive outcomes that can be achieved only by collaboration.

Collaboration

The act of working together with one or more people in order to achieve a common goal or project.

Assertive

Being confident and bold in stating one’s demands or opinions without being aggressive.