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:

School-Age Children

Refers to children who are in the age range typically required to attend primary and secondary school, usually between 5 and 18 years of age.

Contingent

Dependent on or conditioned by something else; conditional.

Authority

The power or right to give orders, make decisions, and enforce obedience, often accompanied by respect or recognition from those subject to the authority.

Prefrontal Cortex

The part of the brain located at the front of the frontal lobe, associated with complex cognitive behavior, personality expression, decision making, and moderating social behaviour.