A Cost Objective Is the

question 75

Multiple Choice

A cost objective is the

• A)reason for allocating the cost.
• B)basis on which costs are allocated.
• C)product, service, or department that is to receive the allocation.
• D)relative benefit received from using a resource.

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Definitions:

Physiology

The branch of biology that studies the functions and mechanisms occurring in living organisms.

Introspection

The examination or observation of one's own mental and emotional processes.

Consciousness

The state of being aware of and able to think about oneself, one's surroundings, and one's thoughts and feelings.

Functionalism

In psychology, a theory that considers mental life and behavior in terms of active adaptation to the person's environment.