A Cost Item Is Considered to Be Controllable If There

question 159

True/False

A cost item is considered to be controllable if there is not a large difference between actual cost and budgeted cost for that item.

---

Definitions:

Patents

Legal rights granted to inventors, providing exclusive use and control over their new inventions for a specific period.

Copyrights

Legal rights granted to creators over their original works, protecting them against unauthorized use for a limited time.

Trademarks

Legal symbols, names, or phrases used to represent and differentiate goods or services of one entity from those of others.

Closely Held Corporation

A corporation owned by a limited group of people. Its stock is not traded publicly.