A Cost Driver Is

question 4

Multiple Choice

A cost driver is

• A)any factor or activity that has a direct cause-effect relationship with the resources consumed.
• B)always based on time consumed by the activity.
• C)another name for cost pool.
• D)a term used only in traditional costing systems.

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Definitions:

Organizational Strategic Goals

Organizational strategic goals are long-term objectives that guide a company's direction and decision-making, aiming to create competitive advantages and ensure sustainability.

Manufacturing

The process of producing goods through the use of labor, machines, tools, and chemical or biological processing.

Mixed Strategies

In game theory and decision making, the use of a combination of strategies by players, allowing for flexibility and adaptation to various situations.

Planning Horizon

The future time period over which an organization makes plans or decisions.