Direct Costs

question 143

Multiple Choice

Direct costs

• A)are incurred for the benefit of the business as a whole.
• B)would continue even if a particular product were discontinued.
• C)are those costs that can be easily and accurately traced to a cost object.
• D)can be assigned to products only by a process of allocation.

---

Definitions:

Groupthink

An occurrence in group settings where the preference for consensus or uniformity culminates in nonsensical or ineffective choices.

Harmony

A state of agreement or concord, often used in the context of music to describe the pleasing arrangement of parts, but also applicable to social and interpersonal situations.

Decision-making

The cognitive process of selecting a course of action among several alternatives to achieve a desired outcome.

Prejudice

A preconceived opinion or bias against an individual or group without sufficient knowledge, thought, or reason.