Cost Allocation Is

question 11

Multiple Choice

Cost allocation is:

• A)the process of tracking both direct and indirect costs associated with a cost object
• B)the process of determining the actual cost of the cost object
• C)the assignment of indirect costs to the chosen cost object
• D)a function of cost tracing

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize internal characteristics and underestimate external factors when explaining others' behaviors.

Internal Characteristics

Traits or attributes that are inherent to an individual, guiding behavior and thought processes.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.

Reactance

A psychological response where individuals experience discomfort and react in opposition when they perceive their freedoms or choices are being restricted.