Factors That Cause Changes in Resource Usage, Activity Usage, Costs

question 16

Multiple Choice

Factors that cause changes in resource usage, activity usage, costs and revenues are called

• A)indirect costs.
• B)drivers.
• C)assignments.
• D)cost objects.

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Definitions:

Production Factors

Production factors, also known as factors of production, are the inputs needed for the creation of a good or service, usually categorized into land, labor, capital, and entrepreneurship.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to international trade.

Global Trade Flow

Refers to the movement of goods and services across international borders, involving various economic activities and exchanges between countries.

Specialization of Labor

The division of labor into distinct tasks, where individuals specialize in specific tasks, improving efficiency and productivity.