The Dictionary Defines Equilibrium as a Situation in Which Forces

question 72

Multiple Choice

The dictionary defines equilibrium as a situation in which forces

• A)are in balance.
• B)are the same.
• C)clash.
• D)remain constant.

---

Definitions:

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects, such as products, services, or departments.

Cost Pool

A grouping of individual costs, typically by department or service, from which cost allocations are made to products or services.

Responsibility Centre

A business segment or department for which a manager has authority and responsibility for certain activities, performance, and outcomes.

Allocation Base

A criterion or standard used to distribute overhead costs among various cost objects, such as products or projects.