Single-Rate Allocation Methods Use Only One Cost Pool and One

question 78

True/False

Single-rate allocation methods use only one cost pool and one base to allocate both fixed and variable costs.

---

Definitions:

Undue Influence

A form of manipulation that is used to persuade someone to act in a way that is not in their best interest, invalidating consent in contracts.

Principal

In financial terms, it refers to the original sum of money borrowed in a loan, or the initial amount of money invested, excluding any interest or profits. In legal terms, it can also refer to a person who grants authority to an agent to act on their behalf.

Salesperson

An individual who sells goods or services directly to customers for a company.

Duress

Compulsion, force, or pressure to perform an act against one's will.