Question
Which of the following statements is true of cost? a.Cost is the difference between gross margin and operating expenses. b.Cost and price are always same
Which of the following statements is true of cost?
a.Cost is the difference between gross margin and operating expenses.
b.Cost and price are always same for the owner of a company.
c.Cost is a dollar measure of the resources used to achieve a given benefit.
d.Cost is the revenue per unit.
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CIA Exam Practice Questions Certified Internal Auditor
Authors: The Internal Audit Foundation
1st Edition
163454045X, 978-1634540452
