Social Science Business Business Management
AACE CCT Primer
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CCP/CCT Practice Questions Certified Cost Technician HRIR 3021 MC Final
115 terms 219 terms Teacher 45 terms
Harris_Hogu Preview adamstephens52 Preview hellodocs
The sum of the practices and Total Cost Management
processes that an enterprise
uses to manage the total life
cycle cost investment in its
portfolio of strategic assets is
called _________
______ is the application of Cost Engineering
scientific principles and
techniques to problems of :
- estimation
- cost control
- business planning &
management science
- profitability analysis
- project management
- planning & scheduling
_______ Is the value of an activity Cost
or asset. Generally, this value is
determined by the cost of the
resources that are expended to
complete the activity or
produce the asset. An example
would be the facilities needed
to produce an activity or asset,
which would include the tooling,
electricity, taxes, and
maintenance, etc., necessary to
keep the facility available for
use. Other costs might be office
supplies, communication costs,
travel costs, and security costs
, Any consumable, except time, Resources, Resources
required to accomplish an
activity are considered _______.
From a total cost and asset
management perspective, _______
may include any real or potential
investment in strategic assets
including time, monetary,
human, and physical.
A resource becomes a cost invested, project
when it is ______ or consumed in
an _____or project
Material, labor, and "other" are Resources
categories of _________.
The product lifecycle is the concept, disposal
complete history of a product
through its ______, definition,
production, operation, and
obsolescence /______ phases.
The distinction between product operation, disposal
life cycle and project life cycle is
that the latter does not include
the ______ and ______.
___________ is the systematic Code of Accounts
numeric method of classifying
various categories of costs for
accounting purposes
______ is used used in situations Job Costing, Job Costing
where each job is different and
is performed to the customer's
specifications. ______ involves
keeping an account of direct
costs (labor, machine time, raw
materials) and indirect costs
(overheads)
A process is a sequence or consume resources
independent & linked
procedures which ___________ to
convert inputs into outputs.
These outputs then serve as
inputs for the next stage until a
known goal or end result is
reached
A _____ is a good, idea, method, Product
information, object, service, etc,
that is the end result of a
process & serves as a need or
want satisfierProduct
AACE CCT Primer
Save
Students also studied
Flashcard sets Study guides
CCP/CCT Practice Questions Certified Cost Technician HRIR 3021 MC Final
115 terms 219 terms Teacher 45 terms
Harris_Hogu Preview adamstephens52 Preview hellodocs
The sum of the practices and Total Cost Management
processes that an enterprise
uses to manage the total life
cycle cost investment in its
portfolio of strategic assets is
called _________
______ is the application of Cost Engineering
scientific principles and
techniques to problems of :
- estimation
- cost control
- business planning &
management science
- profitability analysis
- project management
- planning & scheduling
_______ Is the value of an activity Cost
or asset. Generally, this value is
determined by the cost of the
resources that are expended to
complete the activity or
produce the asset. An example
would be the facilities needed
to produce an activity or asset,
which would include the tooling,
electricity, taxes, and
maintenance, etc., necessary to
keep the facility available for
use. Other costs might be office
supplies, communication costs,
travel costs, and security costs
, Any consumable, except time, Resources, Resources
required to accomplish an
activity are considered _______.
From a total cost and asset
management perspective, _______
may include any real or potential
investment in strategic assets
including time, monetary,
human, and physical.
A resource becomes a cost invested, project
when it is ______ or consumed in
an _____or project
Material, labor, and "other" are Resources
categories of _________.
The product lifecycle is the concept, disposal
complete history of a product
through its ______, definition,
production, operation, and
obsolescence /______ phases.
The distinction between product operation, disposal
life cycle and project life cycle is
that the latter does not include
the ______ and ______.
___________ is the systematic Code of Accounts
numeric method of classifying
various categories of costs for
accounting purposes
______ is used used in situations Job Costing, Job Costing
where each job is different and
is performed to the customer's
specifications. ______ involves
keeping an account of direct
costs (labor, machine time, raw
materials) and indirect costs
(overheads)
A process is a sequence or consume resources
independent & linked
procedures which ___________ to
convert inputs into outputs.
These outputs then serve as
inputs for the next stage until a
known goal or end result is
reached
A _____ is a good, idea, method, Product
information, object, service, etc,
that is the end result of a
process & serves as a need or
want satisfierProduct
