The Process of Collecting Costs by Some Natural Classification Is

question 22

Multiple Choice

The process of collecting costs by some natural classification is called ________.

• A)cost accounting
• B)cost allocation
• C)cost accumulation
• D)cost application

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Definitions:

Antitrust Law

Laws designed to prevent anti-competitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Remedies

Measures or actions taken to solve a problem, correct a fault, or improve a situation.

Fines

Monetary penalties imposed by an authority as punishment for violations of legal or regulatory standards.

Congress

The national legislative body of a country, particularly in the United States, responsible for making laws and comprising two houses: the Senate and the House of Representatives.