Which of the Following Statements Is True

question 19

Multiple Choice

Which of the following statements is true?

• A) Product costs and design costs are interchangeable terms.
• B) Inventoriable costs are assigned to inventories under GAAP.
• C) Manufacturing costs are a special case of period costs.
• D) Intangible costs refer to a particular cost of a product.

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Definitions:

Consistency Cue

A psychological signal or indicator that suggests stability and reliability in a person's behavior or in the information presented over time.

Distinctiveness

The quality of being easily distinguishable or unique compared to others, often discussed in the context of social identity and branding.

Consensus

A general agreement or the collective unanimous opinion among the members of a group or team.

Mental Model

An individual's internal representation of the external reality, a framework guiding thought and action by simplifying the complexity of the real world.