Transfer Pricing Systems Based on Costs Include Which of the Following

question 105

Multiple Choice

Transfer pricing systems based on costs include which of the following?

• A)activity-based costing.
• B)cost-plus.
• C)standard costs.
• D)All of the answers are correct.

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Definitions:

Equitable Remedy

A judicial order enforcing a right or redressing a wrong, guided by principles of equity rather than strict legal rules.

Consensus

An element of a valid contract; both parties must objectively know and agree to its terms through an offer and an acceptance.

Rectification

The legal process of correcting a mistake in a document to reflect the true intentions of the parties involved.

Breach of Contract

The violation of a contractual obligation by failing to perform one's own promise, by impeding another party's performance, or by otherwise making performance impossible.