Target Costing Is a Method of Determining the Price of a Product

question 30

True/False

Target costing is a method of determining the price of a product or service based on the cost that the business has to pay.

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Definitions:

Genes

The basic physical and functional units of heredity, made up of DNA, that determine specific characteristics by encoding proteins.

Polygenetic Effects

The influence on a trait that results from the interaction of many different genes.

Dominant Gene Pair

is two alleles of a gene where both are dominant, leading to the dominant trait being expressed in the organism.

Recessive Gene Pair

Two copies of a gene on a chromosome that must both be present for a recessive trait to be expressed.