In Terms of Managerial Accounting,which of the Following Is the Best

question 38

Multiple Choice

In terms of managerial accounting,which of the following is the best definition of cost?

• A)the cash sacrificed for goods expected to bring future benefit to the organization
• B)a dollar measure of the cash used to achieve a given benefit
• C)the asset incurred to produce future benefits
• D)the equivalent of the cost of goods sold

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Definitions:

Item Characteristic Curve

A graphical representation that shows the probability of a respondent answering a test item correctly at different levels of ability.

Item Response Theory

A theory and related statistical models that estimate the probability of an individual responding to a specific item on a test, based on the item characteristics and the individual's latent trait level.

Rehabilitation Act

A U.S. federal law that prohibits discrimination on the basis of disability in programs conducted by federal agencies.

Appropriateness

The quality of being suitable or fitting for a particular purpose, person, occasion, etc.