Which of the Following Is Correct About Indirect Costs of a Cost

question 90

Multiple Choice

Which of the following is correct about indirect costs of a cost object?

• A)Cost allocation is not used to describe the assignment of these costs to a particular cost object.
• B)Cost tracing is used to describe its assignment of these costs to a particular cost object.
• C)Can be traced to a cost object in an economically feasible way.
• D)Cannot be traced to a cost object in an economically feasible way.
• E)Cost assignment is not used in indirect costing methods.

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Definitions:

Culture Shock

A sense of confusion or uncertainty that sometimes occurs when a person is exposed to a new, unfamiliar culture, way of life, or set of attitudes.

American Tourism Syndrome

The phenomenon where tourists from the United States or its cultural influences expect or demand familiar comforts and services abroad, often at the expense of local customs and economies.

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The process by which individuals or groups adjust and modify their cultural practices and beliefs to align with those of a new or different culture.

Cultural Relativism

The principle that an individual's beliefs and behaviors should be understood by others in terms of that individual's own culture, rather than being judged against the criteria of another culture.