Which of the Following Statements About Time and Material Pricing

question 60

Multiple Choice

Which of the following statements about time and material pricing is/are true?
i. The labour charge includes the direct cost of the employee's time.
ii. The labour charge includes a charge to cover various overhead costs.
iii. The labour charge includes a handling charge for material.

• A) i
• B) i and ii
• C) i and iii
• D) All of the given answers

---

Definitions:

Mobile Task Management System

A digital platform designed for managing and organizing tasks efficiently using mobile devices, facilitating improved communication and productivity for individuals and teams.

Administrative Agency

Governmental bodies designated to carry out specific legislative purposes and tasks, possessing regulatory powers and the ability to enforce them.

Recorder

An official responsible for keeping public records or documents, especially in the context of property transactions.

Collegiate Body

An organizational structure composed of members working together towards a common objective, often found in education, governance, or professional contexts.