Which of the Following Cost Categories Would Most Likely Use

question 97

Multiple Choice

Which of the following cost categories would most likely use the number of employees or new hires as its activity driver?

• A)maintenance
• B)purchasing
• C)personnel
• D)accounting

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Definitions:

Fully Employed

Refers to a situation where all available labor resources are being used in the most economically efficient way, often considered an indicator of economic health.

Unattainable Points

Situations or outcomes in economic models that cannot be achieved given the current resources and technology.

Quantity Of Resources

The total amount of various inputs, including labor, capital, and natural resources, available for use in the production of goods and services.

Opportunity Cost

The benefit that is missed out on when choosing one alternative over another.