Economists Are Trained to Be As

question 94

Multiple Choice

Economists are trained to be as:

• A) subjective as they can be.
• B) objective as they can be.
• C) deconstructionist as they can be.
• D) opinionated as they can be.

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Definitions:

Cost Pool

A grouping of individual costs, typically by department or service center, from which cost allocations are made.

Cost Objects

Any item for which costs are separately measured and tracked, including products, services, projects, or activities.

Cost Allocation

The process of assigning indirect costs to different products, services, or business units within a company, typically using a logical allocation base.

Cost Distribution

The process of assigning or allocating an organization's costs to specific cost objects, such as products or departments.