___________ include all spending on labor, machinery, tools, and supplies purchased from other firms.
A) Total profits
B) Total revenues
C) Total costs
D) Total profit margins

Question

Quizplus · Accepted Answer

Total costs include all expenditures a company makes to operate, which encompasses spending on labor, machinery, tools, and supplies purchased from other firms.

___________ Include All Spending on Labor, Machinery, Tools, and Supplies