GFEBS L432E Cost Collection and Allocation Questions and Answers Rated A

GFEBS L432E Cost Collection and Allocation Questions and Answers Rated A What are the attributes of a cost center - Answer ️️ -All of the above. Cost Collection and Allocation are key components of Cost Management because they - Answer ️️ -Link fund expenditure data with functional and operational data. The first step in the Cost Management process is to - Answer ️️ -Create Master Data Elements Internal orders are cost collectors used to plan, collect, monitor, and settle the costs of internal jobs and tasks - Answer ️️ -true Work Breakdown Structure (WBS) Elements are the individual elements that represent activities within the WBS that are used for planning and updating actual cost data. The elements are called WBS Elements in Project Systems. - Answer ️️ -All of the above Business Processes are cost objects that can be used to track costs of cross-functional activities within an organization - Answer ️️ -t Which of the following describes Primary Cost Elements? - Answer ️️ -They have matching Expense Accounts in a GL