What Costing Method Determines the Cost of a Product or Service

question 141

Multiple Choice

What costing method determines the cost of a product or service on the basis of the price that customers are willing to pay?

• A)relevant costing
• B)differential costing
• C)target costing
• D)product costing

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Definitions:

Contact Comfort

The concept in developmental psychology that physical and emotional comfort derived from touching or clinging to something soft and warm, especially significant in the bonding between parents and infants.

Mother Substitutes

Alternative caregivers that provide nurturing and care in the absence or supplementation to a biological mother.

Secure Base

A concept in attachment theory referring to the role of caregivers in providing a sense of security for children, allowing them to explore the world.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.