Which of the Following Illustrates a Purpose for Allocating Costs

question 61

Multiple Choice

Which of the following illustrates a purpose for allocating costs to cost objects?

• A)to provide information for economic decisions
• B)to reduce competition
• C)to determine employee benefit costs
• D)to defer income and reduce taxes payable
• E)to evaluate managers and employees

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Definitions:

Warning

A statement or signal that alerts about a possible danger, problem, or other undesirable situation.

Negligence-Based

Relating to a legal claim or cause of action arising from the failure to exercise the care toward others which a reasonable or prudent person would do under similar circumstances, resulting in unintended harm.

Product Liability Actions

Legal actions taken against manufacturers or sellers for damages caused by defective products.

Defenses

Legal strategies and arguments used by defendants in a lawsuit or criminal case to counteract or negate the claims made by the plaintiff or prosecution.