Which of the Following Costs Is an Example of a Period

question 80

Multiple Choice

Which of the following costs is an example of a period rather than a product cost?

• A)Depreciation on production equipment.
• B)Wages of salespersons.
• C)Wages of production machine operators.
• D)Insurance on production equipment.

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Definitions:

Social Damage

The negative impact on society or specific communities resulting from actions or policies, which can include economic disparities, environmental degradation, or social injustices.

Environmental Damage

The detrimental impact human activities have on the natural world, including air and water pollution, deforestation, and climate change.

Shared Value

The policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions in the communities in which it operates.

Competitiveness

The ability of a company or country to produce goods or services that meet the quality standards of the global market at competitive prices.