1. Direct costs include:             Property taxes            Building maintenance            Training            Labor2. Price and cost is the same thing to

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