Assigning Direct Costs to a Cost Object Is Called ________

question 65

Multiple Choice

Assigning direct costs to a cost object is called ________.

• A) cost allocation
• B) cost assignment
• C) cost pooling
• D) cost tracing

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Definitions:

Strategic Alliance

An alliance between two or more firms aiming to achieve common goals, with each maintaining their separate entity status.

Globalization Strategy

A strategy that adopts standardized products and advertising for use worldwide.

Efficiencies

The ratio of the output produced to the input resources used in the production process, aiming to minimize resources while maximizing output.

Local Markets

Marketplaces within a specific geographical area where goods and services are sold and bought, with particular focus on the needs and preferences of the local community.