In Principle,a Cost Is

question 20

Multiple Choice

In principle,a cost is

• A)a sacrifice of resources.
• B)something used up to produce revenues in a particular accounting period.
• C)only comprised of direct material and direct labor.
• D)something measured in conformity with generally accepted accounting principles.

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Definitions:

External Force

Factors or influences originating outside an organization that can affect its performance and operations.

Social Networks

Social networks are structures made up of individuals or organizations connected by one or more types of interdependency, such as friendships, kinship, common interests, or economic exchanges.

Organizational Restructuring

The process of changing the structure of an organization, including its systems, hierarchy, and job roles, to improve efficiency and effectiveness.

Reporting Relationships

The structured lines of authority within an organization, indicating who reports to whom.