It Is Best to Try to Cultivate a Competitive Advantage

question 13

Multiple Choice

It is best to try to cultivate a competitive advantage in job skills that are ________.

• A)technical
• B)interpersonal
• C)scarce
• D)common

---

Definitions:

Direct Labor Used

The total hours worked by employees directly involved in the production process, impacting manufacturing costs.

Prime Costs

The combined costs of direct materials and direct labor involved in manufacturing a product.

Direct Materials

Raw materials that are directly traceable and allocable to a finished product in the manufacturing process.

Factory Overhead

All indirect costs associated with manufacturing, including costs related to operating the factory such as utilities, maintenance, and salaries of indirect labor.