Variable Costing Data Can Often Be Used for Making Non-Routine

question 41

True/False

Variable costing data can often be used for making non-routine operating decisions.

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Definitions:

Post Hoc

Short for "post hoc ergo propter hoc," a logical fallacy implying that because one event follows another, the first event was the cause of the second.

Ergo Propter Hoc

A logical fallacy meaning "therefore, because of this," where a cause-and-effect relationship is incorrectly identified based on sequence alone.

Cause And Effect

The relationship between events or things, where one is the result of the other or others.

Post Hoc

is a term derived from the phrase "post hoc ergo propter hoc," meaning "after this, therefore because of this," commonly used to describe a logical fallacy where one event is incorrectly assumed to cause another just because it occurred earlier.