Managers Find Operation Costing Useful in Cost Management Because It

question 118

Multiple Choice

Managers find operation costing useful in cost management because it:

• A)often results in profit maximization
• B)results in cost minimization
• C)captures the financial impact of the control of physical processes
• D)All of these answers are correct.

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Definitions:

Non Est Factum

Non est factum is a legal defense meaning "it is not my deed," used when a person signs a document mistakenly or without understanding its nature, effectively nullifying the contract.

Functionally Illiterate

Describes individuals who, despite having basic reading and writing skills, are unable to perform tasks requiring literacy in everyday life contexts successfully.

Deed Transferring

A legal document that conveys ownership of real property from one party to another.

Non Est Factum

A defense in contract law allowing a signing party to void the contract due to a fundamental misunderstanding of its nature.