A Direct Cost Is One That

question 113

Multiple Choice

A direct cost is one that:

• A)involves an actual outlay of cash for a specific cost object.
• B)can be traced to a specific cost object.
• C)cannot be traced to a specific cost object.
• D)is not worth the effort of tracing to a specific cost object.

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Definitions:

Base-Rate Information

Statistical information that indicates how common a particular trait, behavior, or characteristic is within a given population or context.

Availability Heuristic

A cognitive bias that causes people to overestimate the importance of information that is readily available to them.

Illusory Correlations

The belief in a connection between two factors when, in reality, no such connection is present.

Phonemes

The minimal sound component in a language that differentiates one word from another.