When a law firm sends bills to its clients, it is able to list on its bills the amounts of hours worked by each particular lawyer on that case, and the billing rates of these lawyers. This ability to associate the particular lawyers' work with the bill is an example of
A) Traceability
B) Homogeneity
C) Divisibility
D) Avoidability

Question

Quizplus · Accepted Answer

Traceability refers to the ability to track and associate specific costs or inputs to a particular output or product. In this case, the law firm is able to track and associate the hours worked and billing rates of each individual lawyer to a specific client's bill, demonstrating traceability. Homogeneity refers to uniformity or similarity, divisibility refers to the ability to break down a cost or input into smaller parts, and avoidability refers to the ability to prevent or avoid certain costs or expenses. None of these concepts are applicable in this scenario.

When a Law Firm Sends Bills to Its Clients, It