Which of the Following Is Usually the Largest Single Cost

question 47

Multiple Choice

Which of the following is usually the largest single cost incurred by most corporations?

• A) cost of raw material
• B) labor cost
• C) cost of transporting finished goods
• D) overhead cost

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Definitions:

Lean Production Methods

Efficient manufacturing processes that minimize waste and optimize productivity and quality.

Human Values

Fundamental beliefs and principles that guide behavior and judgment, reflecting what is important to individuals and societies.

Core Job Dimension

Key characteristics of a job that affect an employee's attitude and motivation, including skill variety, task identity, task significance, autonomy, and feedback.

Task Identity

The degree to which a job requires completion of a whole and identifiable piece of work, allowing an employee to see the outcome of their efforts.