Which of the Following Is a Part of the Functional

question 168

Multiple Choice

Which of the following is a part of the functional account category of a factory?

• A) Salaries
• B) Supplies
• C) Raw materials
• D) Advertising
• E) Maintenance

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Definitions:

Opportunity Cost

Dismissing potential benefits from other possible choices by focusing on one.

Scarce Resources

Natural or human resources that are limited in supply and cannot fulfill all wants and needs due to their finite availability.

Free Lunch

An idiom expressing the idea that it is impossible to get something for nothing; in economics, it refers to the impossibility of getting a benefit without a cost.

Scarce

Limited in availability relative to the demand.