_____ Is a Form of Value Added,in That Costs Are

question 23

Multiple Choice

_____ is a form of value added,in that costs are added as they occur along the supply chain and profit can be calculated at any given point in the supply chain.

• A) Full costing
• B) Contribution costing
• C) Activity-based costing
• D) Input analysis
• E) Absorption costing

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Definitions:

Citizen

An individual recognized under the law as being a legal member of a sovereign state or belonging to a nation, with associated rights and obligations.

Revised Act

An updated version of a law that has been amended or rewritten for clarification, modernization, or other legislative reasons.

Incorporator

The individual or entity responsible for filing the formal documents needed to legally form a corporation.

Subchapter S

A section of the United States tax code that allows for a corporation's income to be taxed directly to the shareholders, thus avoiding double taxation.