Select the Appropriate Definition for Each of the Items Listed

question 106

Multiple Choice

Select the appropriate definition for each of the items listed below.
-A cost that can be easily traced to a cost object

• A)period cost
• B)direct cost
• C)opportunity cost
• D)variable cost
• E)indirect cost
• F)fixed cost
• G)product cost

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Definitions:

Drawer

In banking, the person who writes or creates a check or draft instructing the bank to pay the stated amount to a third party.

Recourse

The legal right to demand a penalty, compensation, or satisfaction for a harm or loss.

Forged

Forged denotes something that has been counterfeit or fraudulently altered or replicated, such as a document, artwork, or signature.

Altered Check

A check that has been tampered with after its original issuance, often changing the name of the payee or the amount, with the intent to defraud.