The relationship between cost and activity is termed:
A)cost estimation.
B)cost prediction.
C)cost behavior.
D)cost analysis.
E)cost approximation.

Question

Quizplus · Accepted Answer

Cost behavior refers to the relationship between costs and activity levels. This relationship can be classified as either fixed or variable, and understanding cost behavior is essential for managing costs effectively. Cost estimation, prediction, analysis, and approximation are all related concepts but do not specifically refer to the relationship between cost and activity.

The Relationship Between Cost and Activity Is Termed