Cost Driver Is

question 65

Multiple Choice

Cost driver is:

• A)a mathematical relationship that shows how total costs vary with the factors that influence total costs
• B)a factor that influences or "drives" total or average costs
• C)a factor that influences quality of output and prices of inputs
• D)a cost level.

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Definitions:

Manufacturing Cycle Efficiency (MCE)

A metric that identifies the proportion of total manufacturing cycle time that is value-added, aiming to improve process efficiency.

Custom Home Elevators

Elevators that are specifically designed and built to fit the unique requirements of a residential home.

Investment Opportunity

An asset or item that has the potential to generate revenue or appreciate in value, offering a return on the investment.

Return on Investment (ROI)

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.