A Cost That Is Found to Bear an Observable and Known

question 77

Multiple Choice

A cost that is found to bear an observable and known relationship to a quantifiable activity base is a(n)

• A)discretionary cost.
• B)product cost.
• C)period cost.
• D)engineered cost.

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Definitions:

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The hierarchy of senior managers in an organization, typically including positions such as CEO, CFO, and COO.

Fortune 500

An annual ranking of the 500 largest US corporations based on their total revenue, compiled and published by Fortune magazine.

Comprehensive Diversity

A broad approach to diversity that encompasses a wide range of characteristics and identities, including but not limited to race, gender, age, sexual orientation, and disability.

Organizations

Groups of people who come together to achieve common goals through a structured form and coordinated activities.