Which of the Following Correctly Describes the Term Cost Driver

question 65

Multiple Choice

Which of the following correctly describes the term cost driver?

• A)the inflation rate that causes costs to rise
• B)the average inventory costs incurred at any point of time
• C)the primary factor that causes a cost to be incurred
• D)the total material, labor, and overhead cost of a completed job

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Definitions:

Flextime

A flexible work schedule that allows employees to vary their arrival and departure times, often to accommodate personal needs and improve work-life balance.

Scheduling System

A system used to organize, coordinate, and allocate time and resources effectively for tasks or events.

Downsizing

The process of reducing the number of employees within a business, often to cut costs and improve efficiency.

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work.