Product Costs Can Be Classified as One of Three Types

question 53

True/False

Product costs can be classified as one of three types: direct materials, direct labor, or overhead.

---

Definitions:

Indicator Species

Organisms used to assess the health of an environment or ecosystem because their presence, abundance, or lack thereof reflects specific environmental conditions.

Keystone Species

A species that has a disproportionately large impact on its ecosystem, influencing the types and numbers of other species in a community.

Pioneer Species

First species to colonize previously disrupted or damaged ecosystems, initiating an ecological succession that leads to a more biodiverse steady-state ecosystem.

Keystone Species

A vital species within an ecosystem whose presence significantly influences the biodiversity and stability of the environment.