Allocating Costs by Sales Volume FAILS To

question 47

Multiple Choice

Allocating costs by sales volume FAILS to:

• A)Achieve cost efficiency
• B)Increase sales
• C)Recognize the purpose of the cost incurred
• D)Estimate the profit potential
• E)Sum the allocated cost functional responsibility

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Definitions:

External Locus

The belief that one's successes or failures result from external factors beyond their control, rather than one's own efforts.

Conditional Positive Regard

Conditional positive regard is when acceptance and love are contingent upon behaving in a certain way or meeting particular standards, often discussed in psychology.

Role Model

A person to whom an individual can look to for guidance by example, but who isn’t necessarily actively interacting with the individual.

Procrastinating

The action of delaying or postponing tasks despite knowing there will be negative consequences for doing so.