A Cost Function Is a ________

question 87

Multiple Choice

A cost function is a ________.

• A) process of calculating present value of projected cash flows
• B) process of allocating costs to cost centers or cost objects
• C) mathematical description of how a cost changes with changes in the level of an activity relating to that cost
• D) is a very thorough and detailed way to identifying a cost object when there is a physical relationship between inputs and outputs

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Definitions:

Values

Fundamental beliefs or standards that guide behavior and judgments.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Needs

Essential requirements for individuals to live a healthy and satisfactory life, including physiological, safety, love/belonging, esteem, and self-actualization needs.

Motivational Strategy

Techniques or plans designed to inspire individuals or groups to achieve a goal or perform at their best.