Which of the Following Is Not One of the Major

question 29

Multiple Choice

Which of the following is not one of the major sources of barriers to entry?

• A) economies of scale
• B) cost advantages independent of size
• C) buyer group concentration
• D) access to distribution channels
• E) government and legal barriers

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Definitions:

Standard Costs

Predetermined costs for products or services, used as benchmarks for evaluating actual performance and cost control.

Step-Down Method

An allocation method used in cost accounting to assign costs in a hierarchical manner, from the highest level down to the lowest.

Personnel Department

A division within an organization responsible for managing human resources, including recruitment, employment, and workplace culture.

Cost Allocated

Cost allocated refers to the process of distributing expenses in proportion to the cost centers or departments responsible for incurring them.