Cost Drivers Are ________

question 101

Multiple Choice

Cost drivers are ________.

• A) the different functions in the value chain
• B) different types of functional areas in the firm
• C) measures of activities that require the use of resources and thereby cause costs
• D) different types of cost calculations

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Definitions:

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership interest of shareholders or owners.

Adjusted Trial Balance

A list of all the accounts of a company, showing the balance of each after adjustments have been made for errors, omissions, or accruals.

Current Assets

Assets that are expected to be converted into cash, sold or used up within one year or within the entity's operating cycle, whichever is longer.

Total Assets

The aggregate of all assets owned by a business, evaluated at cost or market value on the balance sheet.