Labor estimates are ______.
A)critical to your business plan
B)irrelevant
C)needless as you will be working your business for free and so will your family
D)dependent on your location and nature of work

Question

Quizplus · Accepted Answer

Labor estimates are dependent on your location and nature of work. The cost of labor varies according to the location, the skill required for the job, and the complexity of the work. It's important to consider labor costs when estimating the cost of your business operation as it directly affects your profit margin. Therefore, option D is the correct choice. Options A, B, and C are incorrect because labor estimates are not always critical as it depends on the nature of the business, it's not irrelevant, and it's not needless as it's essential to calculate labor estimates even if you work for free.

Labor Estimates Are ______