Overhead expenses, combined with direct material and direct labor expenses, form the three components to the cost of any product or service that a small business might offer.
In 1871, an era of political machines and patronage, Arthur was named to the powerful position of customs collector for the Port of New York. He later was removed from the job by President Rutherford Hayes (1822-1893) in an attempt to reform the spoils system. Elected to the vice presidency in 1880, Arthur became president after Garfield died following an assassination attempt by a disgruntled job seeker.
Harry S. Truman was an American statesman who served as the 33rd President of the United States, taking the office upon the death of Franklin D. Roosevelt. A World War I veteran, he assumed the presidency during the waning months of World War II and the beginning of the Cold War. He is known for implementing the Marshall Plan to rebuild the economy of Western Europe, the establishment of the Truman Doctrine and NATO against Soviet and Chinese communism, and for intervening in the Korean War. In