An algebraic equation used by managers to describe the relationship between a cost and its cost driver(s)is called a ________.
A)cost behavior
B)cost function
C)cost system
D)cost analysis

Question

Quizplus · Accepted Answer

A cost function is an algebraic equation that describes the relationship between a cost and its cost driver(s). Choices A, C, and D do not accurately describe this concept.

An Algebraic Equation Used by Managers to Describe the Relationship