Provide examples and discuss the differences between direct and indirect costs
What will be an ideal response?
Direct costs are those clearly assigned to the aspect of the project that generated the cost. Examples include labor that is hands-on in the production of the project and materials that are used and sold or consumed in the creation of the project. Indirect costs are generally linked to two features: overhead and selling and general administration. Health benefits for the labor force, taxes, insurance, depreciation and repairs are all indirect costs. Direct costs of materials and labor are generally easier to calculate than indirect costs, which are often calculated as a multiplier of some of the direct costs.
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In U.S. v. LaGrou Distribution Systems, the defendant-company suffered from an extremely serious rat infestation. Stewart, the president of LaGrou, defended, saying he had no specific knowledge of meat contamination and therefore he was not culpable. Which of the following was the result?
A. Stewart was found guilty because he knew of the rat problem and did not do all that could be done to control the problem. B. Stewart was found guilty because even though his subordinates hid the problem from him, they did so in the normal course of business, thus making senior management liable. C. Stewart was found not guilty because he recognized the problem and instructed employees to work daily to control the problem. D. Stewart was found not guilty because the court recognized that when 20 million pounds of meat are stored in a facility, it is impossible to control rats that target the meat.
Short quotations typically have quotation marks around them
a. true b. false
An offer is terminated on the grounds of "lapse of time" if ________
A) the offeror dies before the offeree has accepted the offer B) the offer is not communicated to the offeree C) the offeror has communicated to the offeree a set time which is not mentioned in the offer D) the offer is not accepted within a stated time period
________ law is derived from the Sastras
A) Common B) Romano-Germanic C) Islamic D) Hindu