The Misuse of Words to Include Objects That Don't Fit

question 48

Multiple Choice

The misuse of words to include objects that don't fit a word's meaning is called _________.

• A)overgeneralization
• B)underutilization
• C)overextension
• D)overutilization

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Definitions:

Absorption Costing

Definition: An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Inventory

Inventory refers to raw materials, work-in-process, and finished goods that are held by a company in anticipation of eventual sale.

Controllable Costs

For a level of management, the costs that can be influenced (increased, decreased, or eliminated) by management at that level.

Management

The process of dealing with or controlling things or people, often within a business or organization.