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Management · Q352

Management Accounting

Graduate and Post Graduate · Management · question 352

Q352

Concept, which states that resources are used to meet particular goals is

A.
cost incurrence
Answer
B.
valued incurrence
C.
locked incurrence
D.
non valued incurrence

Answer: Option A

Solution

Answer: Option A
Solution:
Concept, which states that resources are used to meet particular goals is cost incurrence. Cost incurrence refers to the receipt of goods or services at a bargained price in an exchange.