A Cost Driver Is a Factor That Causes Costs

question 68

True/False

A cost driver is a factor that causes costs.

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Definitions:

Seasonality

Refers to periodic fluctuations in data or trends that occur regularly based on seasonal factors.

Data Pattern

The identifiable regularity or trend in a data set or within a sequence of data points, often used in analytics to predict future trends or behaviors.

Circuits

Electrical pathways that provide a route for electric current to flow, often composed of a conductor, like wire, and elements like resistors and capacitors.

Sales Force Composite Forecast

A forecasting technique that aggregates sales predictions made by members of a company's sales team, based on their direct interaction with customers and understanding of market demand.