Which two categories below are used for business costs?
A) materials and labor
B) gross and net
C) fixed and variable
D) cost of goods sold and administrative

Question

Quizplus · Accepted Answer

Fixed and variable costs are the two categories commonly used for business costs. Materials and labor are specific costs that fall under these categories, but are not overarching categories themselves. Gross and net refer to overall revenue or profit, rather than specific costs. Cost of goods sold and administrative are specific categories of expenses, but do not encompass all business costs.

Which Two Categories Below Are Used for Business Costs