Select the Appropriate Definition for Each of the Items Listed

question 204

Multiple Choice

Select the appropriate definition for each of the items listed below.
-A cost that increases in total as output increases

• A)period cost
• B)direct cost
• C)opportunity cost
• D)variable cost
• E)indirect cost
• F)fixed cost
• G)product cost

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Definitions:

Internal Supply

The resources, including workforce and materials, available within a company for production or service delivery.

Employee Retention

Strategies and practices aimed at keeping employees engaged and motivated to stay with an organization for a long period, reducing turnover rates.

Transitional Supply

The interim or temporary provision of resources or services to an organization during periods of change or development.

Skills Gap

A discrepancy between the skills that employers want or need and the skills that their workforce currently possesses.