The Rules of Accounting Generally Require That ________ Costs Be

question 77

Multiple Choice

The rules of accounting generally require that ________ costs be used for purposes of keeping a company's financial records and for paying taxes.These costs are sometimes called ________ costs.

• A)economic; legal
• B)real; explicit
• C)total; economic
• D)explicit; accounting

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Definitions:

Geographic Clustering

The phenomenon where entities or individuals tend to group together in specific physical locations due to economic, social, or political reasons.

Trial Jury

A group of citizens selected to hear the evidence in a legal case and render a verdict based on the information presented in court.

Impeachments

The formal process by which public officials may be accused and removed from office for misconduct.

Eisenhower

Dwight D. Eisenhower, the 34th President of the United States, who led the country during a period of great economic prosperity and was a supreme commander of the Allied forces in Europe during World War II.