________ advocates argue that all costs must ultimately be imputed in order to determine true profitability.

Question

Quizplus · Accepted Answer

The statement is referring to the full-cost approach, which considers all costs (direct and indirect) in order to determine true profitability. This approach argues that indirect costs, such as overhead and administrative expenses, should also be allocated to products or services in order to accurately reflect their cost and profitability.

________ Advocates Argue That All Costs Must Ultimately Be Imputed