An Activity Cost Driver Is

question 24

Multiple Choice

An activity cost driver is

• A)a factor that causes variations in a cost.
• B)another term for input measure.
• C)the largest single category of cost in a company.
• D)a variable cost.

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Definitions:

Company Asset

Assets owned by a company, including both tangible and intangible resources, used in operating the business.

Internal Control

A process designed to provide reasonable assurance regarding the achievement of objectives related to operations, reporting, and compliance.

Safeguards

Measures or controls put in place to protect against unauthorized access, damage, or theft.

Assets

Resources owned by a company that have economic value and can be used to meet liabilities.