What Are the Objectives That a Business Plans to Attain

question 10

Multiple Choice

What are the objectives that a business plans to attain called?

• A)Ambitions
• B)Targets
• C)Intentions
• D)Marks
• E)Goals

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Definitions:

Direct Method

A cost allocation approach that assigns service department costs directly to producing departments without intermediate allocations, intended to improve cost accuracy.

Support Departments

Units within an organization that provide services or support to the primary revenue-generating departments.

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects, such as products, services, or departments.

Cost Pool

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