If Synergy Energy Corp.hires attorneys to keep it informed about new regulations,their salaries represent

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Quizplus · Accepted Answer

Compliance costs are the costs associated with ensuring that a company is following regulations and laws. The salaries of attorneys hired to keep the company informed about new regulations would fall under compliance costs. Administrative costs refer to costs associated with general management of the company, capital costs refer to costs associated with acquiring and maintaining physical assets, and efficiency costs refer to costs associated with improving productivity and reducing waste.