What Is the Term That Describes Costs That Relate Directly

question 66

Multiple Choice

What is the term that describes costs that relate directly to a cost object?

• A)direct cost.
• B)indirect cost.
• C)sunk cost.
• D)target cost.

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Definitions:

Hail

Frozen precipitation in the form of balls or irregular lumps of ice, often occurring during strong thunderstorms.

Monetary Compensation

Financial payment provided to an individual for services rendered, such as a salary, wages, or benefits.

Breach of Contract

Not meeting any provision of a contract, be it written or spoken, without an acceptable legal justification.

Principle of Mitigation

The legal obligation on a party suffering loss to take reasonable action to minimize the amount of the loss suffered.