Select the False Statement from the Following

question 86

Multiple Choice

Select the false statement from the following.

• A) Indirect costs cannot be easily traced to a cost object.
• B) The same cost may be assigned to more than one cost object.
• C) General, selling, and administrative costs cannot be assigned to a cost object.
• D) A given cost can be driven by more than one cost driver.

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Definitions:

Minimax Regret Strategy

Minimax Regret Strategy is a decision-making approach that aims to minimize the maximum possible regret from choosing an unfavorable option, considering the worst-case scenario.

Conservative Strategy

A risk management strategy that opts for investments or decisions that are expected to yield lower variability and risk.

Opportunity Loss Strategy

An approach in decision making that focuses on minimizing the potential loss for not choosing the best alternative.

Scoring Model

A statistical tool or algorithm that assesses and assigns scores to individuals or entities based on various attributes or behavior patterns to predict future outcomes.