Different Types of Companies Use Different Types of Cost Systems

question 75

Multiple Choice

Different types of companies use different types of cost systems.An effective cost system must have all of the following characteristics except:

• A)Benefits from the cost system that exceed its costs.
• B)Different costs for different purposes.
• C)Decision focus.
• D)Costs from the cost system that exceed benefits.

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Definitions:

Self-Actualization

Realization or fulfilment of one's talents and potentialities, considered as a drive or need present in everyone.

Personal Fulfillment

A sense of satisfaction or achievement an individual feels upon meeting personal goals, values, or desires.

Shelter

A structure that provides protection from the environment, including homes, buildings, and temporary accommodations.

Physiological Need

A basic bodily requirement that people need to survive, such as food, water, and shelter.