Standard Costs May Be Used by

question 19

Multiple Choice

Standard costs may be used by

• A) universities.
• B) governmental agencies.
• C) charitable organizations.
• D) all of these.

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Definitions:

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or to a specified person.

Legal Term

A word or phrase with a specific meaning within the context of the law.

Loan

A financial agreement where a borrower receives funds with the obligation to repay them with interest over a defined period.

Note

A written promise or acknowledgement of a debt, where the writer agrees to pay the specified sum of money to the bearer or to a specific individual.