Direct Costs of a Cost Object Are Costs Related to a Particular

question 89

True/False

Direct costs of a cost object are costs related to a particular cost object that can be allocated to that cost object in an economically feasible (cost-effective) way.

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Definitions:

Face Validity

Assesses whether an instrument appears to look like it measures what it is meant to measure.

Validity

The extent to which a test or instrument measures what it is supposed to measure.

Accuracy

The degree to which a measurement, calculation, or specification conforms to the correct value or a standard.

Validity

The extent to which a test or instrument accurately measures what it is intended to measure.