A ________ Is Anything for Which a Measurement of Costs

question 26

Multiple Choice

A ________ is anything for which a measurement of costs is desired.

• A) cost-allocation base
• B) cost pool
• C) cost object
• D) cost-application base

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Definitions:

Profit Sharing

A system by which employees receive a share of the profits of a business enterprise.

Pension Plan

A retirement plan that requires an employer to contribute to a pool of funds set aside for an employee's future benefit.

Bereavement Time

Time that an employee can take off when a family member or very close friend dies.

Coordinates

A set of numbers that determine the position of a point or object within a space.