If an Organization Has Implemented an ABC or ABM System

question 170

Multiple Choice

If an organization has implemented an ABC or ABM system, they will already have accomplished which of the following?

• A) Identified the activities within an organization.
• B) Estimated the demand for each activity's output.
• C) Assessed the cost of resources required to produce this activity output.
• D) All of these.
• E) None of these.

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Definitions:

Nuts

Hard-shelled seeds of certain plants that are often edible and rich in nutrients, or a slang term to describe someone who is crazy or eccentric.

Demand

Refers to the quantity of a good or service desired by consumers at a given price level and time.

Income

Represents the financial earnings of an individual or enterprise, often quantified on a yearly basis.

Utility Function

An economic model representing how a consumer ranks different bundles of goods based on the level of satisfaction or utility they provide.