The assignment of only private costs to individual products is called:
A)Full private costing
B)Full environmental costing
C)Life-cycle costing
D)Market costing

Question

Quizplus · Accepted Answer

Full private costing only considers the private costs associated with producing a product, such as labor and materials. This approach does not include any external costs, such as pollution or resource depletion, which can have impacts on the environment and society as a whole. Therefore, full private costing is not a comprehensive approach to understanding the true costs of production.

The Assignment of Only Private Costs to Individual Products Is