Which of the Following Are Credit Reporting Agencies

question 79

Multiple Choice

Which of the following are credit reporting agencies?

• A)Equifax
• B)TransUnion
• C)Experian
• D)All of the options are correct.

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Definitions:

Variable Costing

A costing method where only variable costs are charged to product costs, with fixed costs treated as period costs.

Absorption Costing

A cost accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes involved in maintaining the operation.

Standard Costs

Predetermined costs for products or services, used as benchmarks for evaluating actual performance and cost control.