An Example of a Period Cost Is

question 45

Multiple Choice

An example of a period cost is:

• A) fire insurance on a factory building.
• B) salary of a factory supervisor.
• C) direct materials.
• D) rent on a headquarters building.

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Definitions:

Private Sector

The part of the economy that is run by individuals and companies for profit and is not controlled by the government.

Public Sector

The portion of the economy composed of government services and public enterprises.

Arbitration Process

A method of conflict resolution where a neutral third party renders a binding decision to resolve a dispute between parties.

Rules of Evidence

Standards governing whether, how, when, and for what purpose proof of a legal case may be placed before a court.