Costs That Are Not Worth the Effort to Trace to a Specific

question 136

Multiple Choice

Costs that are not worth the effort to trace to a specific cost object are:

• A)opportunity costs.
• B)direct costs.
• C)indirect costs.
• D)irrelevant costs.

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Definitions:

Work Clock

A device or system used to track and record the hours worked by an employee.

Consumerism

The cultural orientation that encourages the acquisition of goods and services in ever-increasing amounts.

Commodification

Commodification is the transformation of goods, services, ideas, or people into commodities or objects of trade, often critiqued for reducing the value of human relationships or cultures to economic transactions.

Constraint

A limitation or restriction on someone’s actions, capabilities, or freedom, often imposed by external factors or conditions.