​The HEAT Technique Is One Way to Keep Your Attitude

question 15

Multiple Choice

​The HEAT technique is one way to keep your attitude in check.Match each letter to the definition of the acronym.
-​Be empathetic

• A)​H
• B)E
• C)A
• D)T

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Definitions:

Period Cost

Costs that are expensed in the accounting period in which they are incurred, not directly tied to the production process.

Product Costs

All costs involved in acquiring or manufacturing a product, including raw materials, labor, and overhead, up to the point of sale.

Period Costs

Expenses that are not directly tied to production, such as administrative and selling expenses, which are expensed in the period they are incurred.

Variable Costs

Expenses that change directly in proportion to changes in business activity levels or volumes.