The Term Noncontrollable Cost

question 63

Multiple Choice

The term noncontrollable cost:

• A)implies that there is really nothing the manager can do to influence the amount of cost.
• B)only applies to long-term costs.
• C)never applies to short-term costs.
• D)is another term for discretionary cost.

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Definitions:

Formal Presentation

A structured display or speech to convey information or ideas effectively to an audience, often in a professional setting.

Balance Sheet

A summarization capturing the value of assets, liabilities, and equity from shareholders of a company at an exact moment.

Income Statement

A financial statement that shows a company's revenues, expenses, and profit over a specific period.

Cost Principle

An accounting principle that requires assets, liabilities, equity, and expenses to be recorded at their original cost.