Indications That a Product Cost System Needs Revision Include

question 89

Multiple Choice

Indications that a product cost system needs revision include

• A)managers lose bids they expected to win and win bids they expected to lose.
• B)employees do not believe the cost numbers are accurate.
• C)the company uses a single-allocation-base system developed long ago.
• D)all of the above.

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Definitions:

External Attributions

The act of ascribing one's own or other people's actions to outside elements or circumstances.

Internal Attributions

The process of assigning the cause of behavior to something within the individual, such as their personality or effort.

Fundamental Attribution Error

The bias of overemphasizing personal traits and underestimating situational factors when explaining other people's behaviors.

Wealthy People

Individuals who possess a substantial amount of money, assets, or resources, significantly above the societal average.