Question

_____ are costs that are the result of a firm's general operations and are not tied to any specific cost object.

a. Implicit costs
b. Explicit costs
c. Direct costs
d. Indirect costs

Answer 1

Indirect costs are costs that are the result of a firm's general operations and are not tied to any specific cost object.

Step-by-step explanation:

Indirect costs are costs that are the result of a firm's general operations and are not tied to any specific cost object. They are also known as overhead costs. Examples of indirect costs include rent, utilities, and administrative expenses.