Which of the Following Is True of Historical Costs

question 11

Multiple Choice

Which of the following is true of historical costs?

• A) They are useful for making future predictions.
• B) They are relevant for decision making.
• C) They are always accounted as opportunity costs.
• D) They cannot be fixed costs.

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Definitions:

Ancillary Services

Additional services provided that complement or support the primary products or services offered by a business.

SKU

Stands for Stock Keeping Unit, a unique identifier for each distinct product and service that can be purchased.

Industrial Service

Services offered by businesses to other businesses within the industrial sector, including maintenance, repair, and consulting services.

Ancillary Service

Additional services or support provided beyond the primary product or service offering to enhance customer satisfaction.