The set of interrelated parts that performs one or more processes to accomplish specific objectives is called a(n):
A)cost objective
B)system
C)activity
D)cost driver

Question

Quizplus · Accepted Answer

The definition described is that of a system, which is a collection of interrelated parts that work together to achieve a common goal or objective. Choice A, cost objective, refers to a specific target or goal related to cost management. Choice C, activity, refers to a specific task or action within a process. Choice D, cost driver, refers to a factor that causes a change in the cost of an activity or process.

The Set of Interrelated Parts That Performs One or More