quiz-Need answers

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