Cost Behavior Refers to the Methods Used to Estimate Costs

question 55

True/False

Cost behavior refers to the methods used to estimate costs for use in managerial decision making.

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Definitions:

Counterfeiting

The act of making an imitation of an object, typically money or branded goods, with the intent to deceive.

Redlining

A discriminatory practice by which services (like banking and insurance) are withheld from potential customers in certain neighborhoods based on racial or ethnic composition.

Gramm-Leach-Bliley Financial Modernization Act

A U.S. federal law enacted in 1999 to control the ways that financial institutions deal with the private information of individuals.

Dodd-Frank Act

A federal law passed in 2010 aimed at reducing risks in the U.S. financial system through comprehensive regulation of financial markets and institutions.