Cost Behaviour Is Necessary in Providing Cost Information for

question 35

Multiple Choice

Cost behaviour is necessary in providing cost information for

• A) budgeting
• B) cost control
• C) decision making
• D) all of the above

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Definitions:

Strict Liability

A legal principle that holds an individual or entity responsible for damages or losses, regardless of fault or intention, often applied in product liability cases.

Absolute Liability

Absolute liability is a legal principle that holds an individual or entity responsible for their actions or products, without the necessity of proving negligence or fault.

Activities

Actions or tasks that individuals or groups engage in, often aimed at achieving a particular goal or outcome.

Violation

An act of breaking or failing to comply with a law, agreement, or set of rules.