The First Step in Allocating Indirect Costs Is to Calculate

question 53

True/False

The first step in allocating indirect costs is to calculate the indirect cost rate.

---

Definitions:

Number

A mathematical object used to count, measure, and label.

Categorical Syllogism

A form of deductive reasoning consisting of three propositions that are categorical in nature, presenting a relationship between a subject and a predicate.

Minor Term

in syllogistic logic, the term that appears in both the conclusion and one premise of a syllogism, but not the major premise.

Major Premise

The first premise in a syllogism, typically a general statement or proposition that asserts a universal truth or principle.