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A cost is generally understood to be that sacrifice incurred in an economic activity to achieve a specific objective, such as to consume, exchange, or produce.
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How would you define a current cost?
Current cost. Replacement cost or net realizable value.
How would you define a cost driver?
The term "cost driver" refers to the activity that causes cost to change.
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How would you define a book cost?
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How would you define a traceable cost?
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