Cost-Plus Pricing Is Essentially the Opposite of Target-Costing

question 19

True/False

Cost-plus pricing is essentially the opposite of target-costing.

---

Definitions:

Assignment

Shifting the possession of property, the burden of obligations, or rights from one side to another.

Consignment

An arrangement where goods are left in the possession of another party to sell, but the owner retains ownership until the goods are sold.

Positive Assurance

Certification or guarantee often required in auditing, indicating that financial statements and records accurately reflect the entity's financial status.

Repudiation

The refusal to accept or be associated with, often involving a contract or agreement.