Which of the Following Observations Is True

question 91

Multiple Choice

Which of the following observations is true?

• A) Variable costs are irrelevant in the contribution-margin approach.
• B) Both the full-cost approach and the contribution-margin approach yield similar decisions.
• C) The contribution-margin approach ignores some costs to get results.
• D) Top management always prefers the contribution-margin approach.
• E) In the contribution-margin approach, all costs are allocated to products, customers, or other categories.

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Definitions:

Unstructured Childhoods

A childhood experience characterized by a lack of formal scheduling, allowing children more freedom in choosing activities and less adult supervision.

Structured Activities

Organized events or tasks designed with specific goals or purposes in mind, often facilitating learning, development, or engagement in a structured manner.

Social Class

A division of a society based on social and economic status, influencing an individual's opportunities, lifestyle, attitudes, and behaviors.

Genetic

Relating to genes or heredity, often discussing traits or conditions that are passed from parents to offspring.