Which of the Following Are Indicators of an Outdated Costing

question 89

Multiple Choice

Which of the following are indicators of an outdated costing system?
i. Products which are difficult to make have high profit margins.
ii. Competitors prices appear unrealistically low.
iii. Customers are not deterred by price increases.
iv. A lot of time is spent on special product cost projects.

• A) i, ii and iii
• B) ii, iii and iv
• C) i, iii and iv
• D) i, ii, iii and iv

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Definitions:

Cognitive Psychologist

A professional who studies mental processes such as "attention, language use, memory, perception, problem-solving, creativity, and thinking."

Information Processing

Describes the manner in which individuals encode, store, and retrieve information, based on theories comparing the mind to a computer.

Clinicians

Medical professionals who work directly with patients in diagnosing and treating illness, rather than conducting research or working on policy.

Psychology

The examination of human mental processes and their roles, especially in regards to how they determine behavior in certain environments.