The Necessary Cost of an Activity That Cannot Be Eliminated

question 45

Multiple Choice

The necessary cost of an activity that cannot be eliminated without affecting a product's value to the customer is a

• A) period cost.
• B) product cost.
• C) prime cost.
• D) value-added cost.

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Definitions:

Stereotypes

Overgeneralized beliefs about a particular category of people, assuming that all members of that category share the same characteristics.

Civil Rights Act

A landmark piece of federal legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin, primarily enacted in 1964.

Discriminatory Policies

Practices or directives within organizations that unfairly differentiate between individuals.

Exclusionary Policies

Strategies or practices that deliberately leave out or discriminate against certain groups or individuals from participating or receiving benefits.