Select the Incorrect Statement from the Following

question 16

Multiple Choice

Select the incorrect statement from the following.

• A) The difference between a direct cost and an indirect cost is that the direct cost is physically present in the cost object.
• B) Actual costs are useful for evaluating managerial performance.
• C) Actual costs are not relevant in many decisions because actual costs cannot be determined until after the decision has been made.
• D) When accumulating the cost of a specific cost object, the indirect costs are allocated to the cost object.

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Definitions:

Ethically

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Professionals Traits

Characteristics or qualities deemed desirable or essential in individuals within a professional context, such as reliability, ethics, and competence.

Meeting Minimum Qualifications

Fulfilling the basic requirements set forth for a job or activity, often related to education, experience, or skills.

Positive Outlook

An attitude or mindset that focuses on the positive aspects of situations, expecting good outcomes.