Variable Costing Is Used for External Reporting Purposes,and Absorption Costing

question 179

True/False

Variable costing is used for external reporting purposes,and absorption costing is used for internal decision-making purposes.

Contextualize statistical findings within societal or scientific questions.

Distinguish between homophones and other look-alike/sound-alike words in written English.

Apply the correct use of commonly confused words within the context of sentence construction.

Identify correct prepositions for communicating temporal and spatial relationships in sentences.

---

Definitions:

Perquisite

A benefit or privilege granted to an employee in addition to their regular salary or wages, often referred to as a "perk."

Point System

The point system for job evaluation requires managers to quantify, in objective terms, the value of the various elements of specific jobs.

Life-Cycle Benefits

Benefits and support provided by an employer that address different stages of an employee's life, such as childcare, education support, and retirement planning.

Child-Care

Services and support for the care of children, especially those provided during the working day, facilitating parents or guardians to undertake employment or other activities.