Indirect Costs Are

question 118

Multiple Choice

Indirect costs are:

• A)costs that are not worth the effort to trace to a specific cost object.
• B)costs that change,in total,in direct proportion to changes in activity levels.
• C)always irrelevant.
• D)costs that remain constant no matter the activity level.

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Definitions:

Consolidation

The process of combining multiple accounts or businesses into a single entity, often for strategic, financial, or operational efficiency reasons.

Appraisal Rights

Entitlement of a corporation's minority shareholders to have their shares appraised and to receive compensation at a fair market value in the event of certain corporate actions.

Acquires

The act of obtaining ownership or control over assets, properties, or companies, often through purchase or merger.

Sole Proprietorship

A business structure where the business is owned and operated by a single individual who has personal responsibility for all debts and liabilities.