Which of the Following Is an Activity That Causes Changes

question 50

Multiple Choice

Which of the following is an activity that causes changes in the amount of a cost pool?

• A) Cost element
• B) Cost function
• C) Cost driver
• D) Cost allocation

---

Definitions:

Say's Law

An economic principle that suggests supply creates its own demand, meaning production of goods and services generates the purchasing power needed to buy those goods and services.

Supply

The total amount of a product or service that is available for purchase at any given price in a given market.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period.

Classical Economists

Economists who emphasize the role of free markets and the importance of supply-side factors for economic growth and stability.