Anything for Which Managers Want a Separate Measurement of Cost

question 203

Multiple Choice

Anything for which managers want a separate measurement of cost is called a ________.

• A) responsibility center
• B) cost object
• C) profit object
• D) conversion cost

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Definitions:

Mnemonic Device

A tool or strategy used to improve memory by making information easier to remember.

Acronym

An abbreviation formed from the initial letters of other words and pronounced as a word.

Biofeedback

A technique that teaches individuals to control physiological processes such as heart rate or muscle tension through feedback from these processes.

Prefrontal Cortex

The part of the brain located at the front of the frontal lobe, important in decision making, control of social behaviors, and expression of personality.