The Method of Determining the Cost of a Product or Service

question 15

Multiple Choice

The method of determining the cost of a product or service based on the price that customers are willing to pay is called

• A) relevant costing.
• B) differential costing.
• C) target costing.
• D) product costing.
• E) overall costing.

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Definitions:

Capsule

The portion of the moss sporophyte that contains spores. A simple, dry, dehiscent fruit that develops from two or more fused carpels and opens along many sutures or pores to release seeds. A gelatinous coat that surrounds some bacteria.

Ameboid Motion

A form of cellular movement achieved through the protrusion of cytoplasm of the cell.

Chromosomes

Long strands of DNA wrapped around proteins, found in the nucleus of eukaryotic cells, containing genes that are passed from one generation to the next.

Heterochromatins

Densely packed form of DNA found in chromosomes, which is transcriptionally inactive and often associated with gene repression.