Each cost incurred in a business has a single cost driver that causes that cost to be incurred.

Name: Each cost incurred in a business has a single cost driver that causes that cost to be incurred.
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Question

Quizplus · Accepted Answer

Many costs in a business can be driven by multiple factors, not just a single cost driver. For example, the cost of manufacturing a product can be influenced by raw material prices, labor rates, machine usage, and energy costs, among others.

Each Cost Incurred in a Business Has a Single Cost