Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device.Rent on the administrative office space is:
A. a product cost
B. a variable cost
C. an opportunity cost
D. a period cost
Answer: D
Business
You might also like to view...
What is the USIA? When was it created and by whom? What is its role, and which government department has responsibility for it?
What will be an ideal response?
Business
Discuss the factors that contributed to Japan's phenomenal economic success.
What will be an ideal response?
Business
Which of the following is the rationale behind the Noerr doctrine?
A. state statutory law B. the Uniform Commercial Code (UCC) C. Article I of the U.S. Constitution D. the Bill of Rights
Business
List five types of techniques used during system development
Business