Expenses an organization incurs that are not directly tied to a specific function such as manufacturing, production or sales.

Advantages or payments employees recieve in addition to their wages (e.g., sick time, holiday pay, health insurance).

the total amount of money spent on costs of materials, labor, taxes, etc., to manufacture economic goods and services.

he amount of money a business has paid for the product (good or service) it has sold.

The expenses involved with manufacturing, promoting, and distributing a product.

Prices charged by individuals specially trained in specific fields of arts and sciences, such as doctors, architects, lawyers, and accountants.

Sales and Marketing Costs

All reasonable costs and expenses that are attributable to the distribution, sale, promotion and marketing of a Product, calculated on a fully burdened basis, including Allocable Overhead attributable thereto.

All of the expenses involved in setting up a new business or introducing a new product to the market.

Expenses associated with acquisiton or development, implementation, deployment, and maintenance of technology assets, including depreciation of R&D equipment and amortization of know how.

Money payments for labor on an hourly, daily, or weekly basis.

The ongoing, day-to-day expenses of running a business that are not directly related to production

Operating costs that do not increase or decreases with changes in production

Operating costs that fluctuate with changes in production

Expenses that are fixed until the company reached a certain level of production, then become variable; also called mixed costs or semi-fixed costs

A company's revenue after subtracting the costs of the products it has sold

The point at which a business's total sales equal total expenses; the business has not yet made a profit but has not incurred any losses.

Help

Options

focusNode

Didn't know it?
click below

Knew it?
click below

Don't Know

Remaining cards (0)

Know

retry

shuffle

restart

0:00

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

Normal Size Small Size show me how

E II 2.01 Glossary

Term	Definition
Administrative Costs	Expenses an organization incurs that are not directly tied to a specific function such as manufacturing, production or sales.
Benefits	Advantages or payments employees recieve in addition to their wages (e.g., sick time, holiday pay, health insurance).
Cost of Production	the total amount of money spent on costs of materials, labor, taxes, etc., to manufacture economic goods and services.
Cost of Sales	he amount of money a business has paid for the product (good or service) it has sold.
Costs	The expenses involved with manufacturing, promoting, and distributing a product.
Professional Fees	Prices charged by individuals specially trained in specific fields of arts and sciences, such as doctors, architects, lawyers, and accountants.
Sales and Marketing Costs	All reasonable costs and expenses that are attributable to the distribution, sale, promotion and marketing of a Product, calculated on a fully burdened basis, including Allocable Overhead attributable thereto.
Start-up Costs	All of the expenses involved in setting up a new business or introducing a new product to the market.
Technology Costs	Expenses associated with acquisiton or development, implementation, deployment, and maintenance of technology assets, including depreciation of R&D equipment and amortization of know how.
Wages	Money payments for labor on an hourly, daily, or weekly basis.
Operating Expenses	The ongoing, day-to-day expenses of running a business that are not directly related to production
Fixed Costs	Operating costs that do not increase or decreases with changes in production
Variable Costs	Operating costs that fluctuate with changes in production
Semi-variable Costs	Expenses that are fixed until the company reached a certain level of production, then become variable; also called mixed costs or semi-fixed costs
Gross profit	A company's revenue after subtracting the costs of the products it has sold
Break-even Point	The point at which a business's total sales equal total expenses; the business has not yet made a profit but has not incurred any losses.

Created by: johnatan.r716

Popular Management sets

Principles of Management

Study cards for PMP Exam

7 LvL CDCs taken from CDC Vol 1 and 2

Competencies for Principles of Management

Describe different decision making models

OBC 1

Key terms and definitions

Uses of Research

Data Quality and Management

Human Resource Management

Accurate Research Design

Analytical Decision Making

"Know" box contains:
Time elapsed:
Retries: