Select the incorrect statement from the following. a. The difference between a direct cost and an indirect cost is that a direct cost relates to a given cost object while an indirect cost does not. b. Actual costs are useful for evaluating managerial performance. c. Actual costs are not relevant in many decisions because actual costs cannot be determined until after the decision has been made. d. When accumulating the cost of a specific cost object, the indirect costs are allocated to the cost object.

What is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.0 to 4.3 percent of an $18 trillion economy? instructions: enter your response rounded to the nearest whole number?

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.