A Reason for a Country's Development of Advanced and Specialized

question 38

Multiple Choice

A reason for a country's development of advanced and specialized factors of production is often its ___________.

• A) Lack of a critical resource
• B) Small workforce
• C) Protective tariffs
• D) Monetary wealth

Recognize the importance of selecting appropriate cost drivers in the allocation of costs.

Understand how indirect and direct costs are allocated within departments and across products.

Learn how to compute allocation of maintenance, advertising, and other indirect costs based on different bases such as square footage and sales values.

Differentiate between service, cost, and profit centers within an organization.