A Cost That Must Be Reviewed Periodically to Determine If

question 6

Short Answer

A cost that must be reviewed periodically to determine if it is still appropriate and necessary is referred to as a __________________________________________.

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Definitions:

Simple Rate

A straightforward percentage or interest rate, typically referring to finance or investment, without compounding over time.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding the costs directly related to producing goods or services.

Sales Revenues

The total amount of income received by a company from its sales of goods or services, before any expenses are subtracted.

Useful Life

The estimated duration of time a fixed asset is expected to be usable for its intended purpose.