Which of the Following Is a FALSE Statement About Target

question 22

Multiple Choice

Which of the following is a FALSE statement about target costing?

• A)Target costing is a method of determining the cost of a product or service based on the price that customers are willing to pay.
• B)The cost is calculated by subtracting the desired profit from the target price.
• C)Target costing is an interactive process.
• D)Target costing is cost driven.

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Definitions:

Traitors

Individuals who betray trust or allegiance typically to their own country.

Confederacy

Refers to the Confederate States of America, a collection of 11 southern states that seceded from the United States from 1860 to 1865, leading to the American Civil War.

Union

An organization of workers formed to protect and advance their rights and interests; often related to labor rights and collective bargaining.

Civil Liberties

Individual rights protected by law from governmental infringement, including freedom of speech, right to privacy, and the right to a fair trial.