A Cost That Is Directly Traceable to a Particular Center

question 64

True/False

A cost that is directly traceable to a particular center must be a variable cost.

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Definitions:

Cumulative Voting

A system of voting for corporate directors that is designed to benefit minority shareholders by allowing shareholders to multiply their voting shares by the number of directors to be elected.

Cumulative Voting

A voting system used in corporate elections that allows shareholders to concentrate their votes on a single candidate rather than distributing them among multiple candidates.

Proxy Voting

The process by which shareholders vote on company matters through a representative rather than in person.

Shareholders

Individuals or entities that own shares in a company, making them partial owners of the company.