Q3
Cost classification can be done in ________.
A.
two ways
B.
three ways
C.
four ways
D.
several ways
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Cost classification can be done in several ways. Cost classification in economics might involve categories of fixed, variable, opportunity, production and sunk costs. On the other hand, accounting costs can be classified as either direct or indirect for a business.