Reference no: EM132185639

Question: 1. Direct costs include:

Property taxes

Building maintenance

Training

Labor

2. Price and cost is the same thing to a supply chain professional.

True

False

3. Indirect costs include:

Material and labor

Fixed costs

4. A financial (capital) lease is used to fill a temporary need.

True

False

5. Cost analysis includes examining:

Structure of the industry

Market structure

Technology trends

All of the above

6. All of the following are associated with the Sarbanes-Oxley Act of 2002 except:

Establishes criminal and civil penalties

Requires periodic reporting

Establishes international accounting standards

Accurate financial reporting

7. Lean inventory practices may include all of the following except :

Reduced inventory costs

Expedited shipping costs for missed deliveries

Larger safety stock

Direct spend reduction

8. All of the following are variable costs except:

Direct labor

Property taxes

Material

Sales commissions

9. The elements of cost include all of the following except:

Standards

Direct

Indirect

Goodwill

10. Profit margin equals price minus cost.

True

False