By Definition, Altruistic Behaviors

question 32

Multiple Choice

By definition, altruistic behaviors

• A) incur a cost to the recipient.
• B) incur a cost to the actor.
• C) result in a benefit to the actor.
• D) are beneficial to the recipient and the actor.

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Definitions:

Process Cost System

A method of accounting used in manufacturing where costs are assigned to products based on the process they go through in production, suitable for industries where products are indistinguishable from each other.

Process Costing

A method of costing used in industries where production is continuous, assigning costs to units of output based on the process they undergo.

Process Cost System

An accounting methodology used for homogenous products that accumulates costs by process or department for continuous production.

Transferred-in Costs

Costs that have been incurred in one department and are carried forward to a subsequent department for further processing.