The Reason for Tracing a Cost in Responsibility Accounting Is

question 66

Multiple Choice

The reason for tracing a cost in responsibility accounting is to determine which of the following?

• A)whether it is fixed or variable
• B)who has the best knowledge about why the costs arose
• C)what activity caused the costs to be incurred
• D)either who has the best knowledge about why the costs arose or, what activity caused the costs to be incurred
• E)whether it is production or administration

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Definitions:

Quantifier Negation

The logical operation of negating the quantifiers within a statement, which often changes the scope or meaning of the statement.

Existential Generalization

A logical inference rule stating that if an assertion is true for some member of a domain, then there exists an element in that domain for which the assertion holds.

Universal Generalization

A logical principle stating that what is true of all instances of a certain class can be said to be generally true of that class.

Existential Instantiation

A logical principle allowing for the inference of the existence of an instance of a predicate from a statement asserting the existence of some (possibly unspecified) instance.