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Discuss Erikson's final stage of development.
Traceable Costs
Costs that can be directly associated with a specific cost object, such as a product, department, or project.
Period Costs
Costs that are expensed in the period in which they are incurred, rather than being capitalized.
Reportable Segment
A component of a business that earns revenues and incurs expenses, and for which separate financial information is available and regularly reviewed by the entity's chief operating decision-maker in deciding how to allocate resources and assess performance.
Operating Segment
A component of a business that engages in business activities from which it may earn revenues and incur expenses, and for which discrete financial information is available.
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