The Process of Identifying Appropriate Cost Drivers and Their Effects

question 63

Multiple Choice

The process of identifying appropriate cost drivers and their effects on the costs of making a product or providing a service is called:

• A) cost measurement
• B) activity analysis
• C) cost prediction
• D) budgeting

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Definitions:

Trade Incentives

Measures used by governments or businesses to encourage international trade and investment, including tariffs, subsidies, and tax breaks.

Advertising Plan

A strategy laid out to communicate the benefits of a product or service to the target audience through various mediums.

Marketing Program

A comprehensive plan that integrates various marketing strategies and tactics, including advertising, promotions, and sales activities to achieve business objectives.

Sales Promotions

Short-term incentives or activities designed to boost sales or consumption of products or services.