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If profit is visible in an enterprise but maintenance and repair costs are not included which life skill is incomplete?

Answer and explanation

Correct answer: Real total cost analysis

The correct answer is real total cost analysis. Enterprise costs include indirect expenses such as maintenance and repairs along with raw materials and labour. If these are omitted, the profit may appear higher than it actually is. Customer communication and product presentation are useful skills, but they do not correct an incomplete cost calculation. Exam tip: include fixed, variable, maintenance and repair expenses while estimating total cost and profit.

Related tags

Cost AnalysisProfit CalculationMaintenance CostsEnterprise ManagementLife SkillsLivelihoodLife Skills For LivelihoodWorkLivelihood And Career

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