Which of the Following Statements Is Correct

question 119

Multiple Choice

Which of the following statements is correct?

• A)A direct cost can be readily traced to a cost object while an indirect cost is traced only to manufacturing costs.
• B)An indirect cost can be readily traced to a cost object while a direct cost is traced only to manufacturing costs.
• C)A direct cost can be traced to a specific cost object,while an indirect cost cannot.
• D)An indirect cost can be traced to a specific cost object,while a direct cost cannot.

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Definitions:

Established Business Ownership

Ownership of a business that has a track record of operations and revenue, distinguishing it from new ventures or startups.

Innovation-Driven Economies

Economies that are characterized by a high level of investment in knowledge and technology and have a strong focus on research and development leading to innovation.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.

Vision

A clear and inspiring long-term goal or image of what an organization or individual aims to achieve in the future.