Costs that are matched with revenue on the basis of the span of time during which the cost is incurred are known as:

A.Cost objectives

B.Cost centers

C.Product costs

D.Period costs

017.The business of hospitals and healthcare systems is typically:

A.The manufacture of products

B.The delivery of manufactured products

C.The delivery of services

D.Research and development

018.Dr. Simms, a stubborn orthopedic surgeon, tries to get his administrator to allocate every cost on the groups income statement based on prior years results. The surgeon believes tracing direct costs is a waste of time and he says besides, the figures all come out the same anyway.Is the doctor correct?

A.Yes

B.No

C.Maybe