Prime Costs Is the Sum of

question 117

Multiple Choice

Prime costs is the sum of

• A)the direct labor costs and indirect labor costs.
• B)the direct material costs,direct labor costs,and overhead costs.
• C)the direct labor costs and overhead costs.
• D)the direct materials costs and direct labor costs.

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Definitions:

Human Resource Planning

The process of ensuring that an organization has the right number and types of employees, at the right time and place, who are capable of effectively and efficiently completing tasks that will help the organization achieve its overall strategic objectives.

Strategic Planning

Procedures for making decisions about the organization’s long-term goals and strategies.

Balanced Scorecard

A management and planning methodology aimed at aligning organizational activities with its vision and strategy, enhancing communication both internally and externally, while tracking the organization's performance in relation to its strategic objectives.