A company's expenditure on raw materials is termed as...
A company's expenditure on raw materials is termed as_______?
Prime cost
Explicit cost
Average cost
Implicit cost
Correct answer is A
A prime cost is the total direct costs of production including raw materials and labour.
Citizens are protected from the government's arbitrariness in taxation by the canon of ...
The most basic concern of economists is to ...
A country has a surplus in its balance of visible trade if ...
The most important factor determining the location of the cement industry in Nigeria today is ...
All of the following is the features of optimum population except ...
One of the major functions of money is? ...
In Nigeria, most agricultural policies are aimed at______? ...
The allocation of goods and services in a free market economy is performed by ...
Find the mean price of the distribution ...
If the United Kingdom buys gold for $60 an ounce and Nigeria buys the same ounce for N500, wha...