The Three Elements of Product Costs Are

question 26

Multiple Choice

The three elements of product costs are

• A)direct materials,work in process,and overhead.
• B)direct materials,work in process,and finished goods.
• C)direct materials,direct labor,and overhead.
• D)direct materials,direct labor,and period costs.

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Definitions:

Self-actualization

The realisation or fulfilment of one's talents and potentialities, considered as a drive or need present in everyone.

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in a priority, culminating in self-actualization.

Will Meaning

Denotes the mental faculty by which one deliberately chooses or decides upon a course of action.

Drive Succeed

The inner motivation or desire to achieve success in one's endeavors or pursuits.