Any Product, Service, or Organizational Unit to Which Costs Are

question 62

Multiple Choice

Any product, service, or organizational unit to which costs are assigned for some management purpose is a (n) :

• A)Cost object.
• B)Direct cost.
• C)Indirect cost.
• D)Cost driver.
• E)Allocation base.

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Definitions:

Panacea

A universal remedy or solution to all diseases or problems.

Psychologically Addictive

The condition where a behavior or substance leads to a compulsive craving despite potential harmful consequences due to mental or emotional dependency.

High Status

A position of authority, respect, or prestige in a social hierarchy or organization.

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from experiences that are enjoyable or gratifying.