Labor expenditures associated with carrying out an abatement process are considered to be part of
A) capital costs
B) fixed costs
C) operating costs
D) implicit costs
E) none of the above

Question

Quizplus · Accepted Answer

Labor expenditures associated with carrying out an abatement process are considered to be part of operating costs. Operating costs are the expenses incurred in the day-to-day operations of a business or project, including labor costs. Capital costs refer to expenses associated with acquiring assets, while fixed costs remain constant regardless of the level of production. Implicit costs refer to opportunity costs, which are not incurred in direct payments.

Labor Expenditures Associated with Carrying Out an Abatement Process Are