Cost Behaviour Is

question 104

Multiple Choice

Cost behaviour is:

• A) another word for cost object.
• B) irrelevant for service organisations.
• C) the variation in costs relative to the variation in activities.
• D) an old fashioned term for activity cost analysis.

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Definitions:

Conjunction Fallacy

An erroneous belief where specific situations are perceived as having a higher likelihood than a more generalized condition.

Hindsight Bias

The tendency to believe, after an outcome is already known, that one would have foreseen it, often referred to as the "I-knew-it-all-along" phenomenon.

Eating Disorder

A mental disorder characterized by abnormal or disturbed eating habits which significantly affect a person's health and daily functioning.

Canadian Male

An individual who identifies as male and is of Canadian nationality or descent.