When developing cost functions, which of the following statements is FALSE? A. Personal observations of costs...

 

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When developing cost functions, which of the following statements is FALSE? A. Personal observations of costs and activities provide the best evidence of a plausible relationship between a cost and its cost driver. B. The cost function does not have to be plausible. O-C. The cost function must be believable. O D. The cost function should explain past cost behavior. When developing cost functions, which of the following statements is FALSE? A. Personal observations of costs and activities provide the best evidence of a plausible relationship between a cost and its cost driver. B. The cost function does not have to be plausible. O-C. The cost function must be believable. O D. The cost function should explain past cost behavior.

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The correct answer is B Generally Cost functions are defined as a proper definition ... View the full answer