The Rules of Accounting Generally Require That ________ Costs Be

question 77

Multiple Choice

The rules of accounting generally require that ________ costs be used for purposes of keeping a company's financial records and for paying taxes.These costs are sometimes called ________ costs.

• A)economic; legal
• B)real; explicit
• C)total; economic
• D)explicit; accounting

---

Definitions:

United States

A country in North America consisting of 50 states, known for its large economy and diverse population.

Control Costs

Measures taken to contain or reduce expenses, often used in the context of managing healthcare or business expenditures.

Health Psychologists

Professionals who specialize in understanding how biological, psychological, and social factors affect health and illness.

Doctoral Degrees

Advanced academic degrees awarded by universities, signifying mastery and high order of knowledge in a specific field of study.