Which Is Correct? It Would Be Excusable to Issue Proceedings Without Complying with Without

question 12

Multiple Choice

Which is correct?
It would be excusable to issue proceedings without complying with any protocol guidelines if …

• A) your client instructs you to do so.
• B) there is no approved protocol in place for the type of action.
• C) the limitation period for the action is about to end.
• D) your client does not wish to seek the costs of any pre-action work so does not need to comply.

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Definitions:

Actual Costs

The true expenses incurred in the production of goods or provision of services, as opposed to estimated or budgeted costs.

Process Costing System

An accounting method used to allocate costs to units of product in industries where the production process is continuous and the units of product are indistinguishable from each other.

Operation Costing System

A costing system that combines elements of both job costing and process costing, often used in manufacturing.

Job Costing System

An accounting method used to assign costs to specific jobs or projects to accurately track expenses and estimate future costs and profitability.