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Match Each of the Following Terms with Its Corresponding Definition

question 160

Multiple Choice

Match each of the following terms with its corresponding definition.
-Changes made to a system to evolve its functionality to changing business needs or technologies.


Definitions:

Cost Object

Anything for which a separate measurement of costs is desired, such as products, services, or projects.

Economically Traced

The assignment of costs to a specific product or service based on the direct relationship between the cost and the object.

Activity-Based Costing

A technique which aims to assign costs to products or services based on the activities they require, providing detailed insights into spending and resource usage.

Critical Success Factors

Key areas or activities required for achieving an organization's goals or improving its performance.

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