Which Statement Best Describes a Main Purpose of Assigning Costs

question 146

Multiple Choice

Which statement best describes a main purpose of assigning costs to cost objects?

• A) It provides information on why money was spent.
• B) It records the historical events of the organization.
• C) It allows management to incorporate products in marketing.
• D) It facilitates service businesses in following financial regulations.

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Definitions:

Incompatible Stimuli Method

A technique used in behavior modification where a behavior that is undesired is matched with an incompatible response in order to reduce or eliminate it.

Smoking

The action of inhaling and exhaling the smoke of burning tobacco; can lead to addiction and various health issues.

Gum Chewing

The act of chewing gum, which can be studied in psychology for its effects on concentration, stress reduction, or habit formation.

Candy Bar

A bar-shaped confectionery that typically includes ingredients such as chocolate, caramel, nuts, and nougat.