Which of the Following Best Describes the Term Used to Assign

question 152

Multiple Choice

Which of the following best describes the term used to assign indirect costs to a cost object?

• A) Cost tracing
• B) Cost allocation
• C) Cost assignment
• D) Cost accumulation

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Definitions:

Conglomerate Mergers

A type of merger where two or more companies in unrelated industries combine business operations to reduce risk and diversify their business interests.

Concentrated Industries

Industries in which a small number of companies hold a large market share, resulting in reduced competition.

R&D

Research and Development: Activities in connection with corporate or governmental innovation.

Marginal Cost

The spending necessary to fabricate one more unit of a good or service.