Which of the Following Items Could Be an Example of a Cost

question 153

Multiple Choice

Which of the following items could be an example of a cost object?

• A)A manufacturing plant
• B)An international plant
• C)The accounting department
• D)All of the above are examples of potential cost objects.

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Definitions:

Exporter

A person, company, or country that sells goods and services to another country.

Tariff

A charge levied by the government on goods that are brought into or sent out of the country.

North American Free Trade Agreement

The North American Free Trade Agreement (NAFTA) was an agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries.

Wages

The compensation paid by employers to employees for their labor, typically expressed as an hourly rate, monthly salary, or piece rate.