Which of the Following Is NOT a Generally Accepted Method

question 11

Multiple Choice

Which of the following is NOT a generally accepted method of assessing the credit worthiness of a country?

• A) quantitative approach
• B) survey approach
• C) qualitative approach
• D) checklist approach

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Definitions:

Target Cost

The maximum amount that can be spent on a product to ensure a desired profit margin is achieved.

Market Dictated Price

The price of a good or service as determined by the supply and demand dynamics in the open market.

Markup Percentage

A percentage added to the cost price of goods to cover overhead and profit.

Total Cost Concept

An accounting principle that sums all costs associated with the production of a good or service, including direct, indirect, fixed, and variable costs.