Which of the Following Is NOT a Major Objective of Allocation

question 86

Multiple Choice

Which of the following is NOT a major objective of allocation as identified by the IMA?

• A)to detect fraud
• B)to obtain a mutually agreeable price
• C)to compute product-line profitability
• D)to value inventory

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Definitions:

Equilibrium Population

It is the size of a population at which the number of births equals the number of deaths, resulting in a stable population level over time.

Production Function

An equation that describes the maximum output achievable with a given set of inputs or resources.

Factor Price

The price paid for the use of a factor of production such as labor, capital, or land.

Factor Demand

Refers to the demand for resources or inputs that are used in the production of goods or services.