Activity-Based Costing

question 26

Multiple Choice

Activity-based costing

• A)strives to create an environment that will enable works to manufacture zero-defect products.
• B)is the process of choosing among competing alternatives.
• C)was established in response to financial scandals.
• D)encourages process-value analysis.

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Definitions:

Model Business Corporation Act

A template for states to use in drafting their corporate statutes, aimed at standardizing corporate law.

Shareholders Meeting

A formal gathering of the shareholders of a company to discuss and vote on company business.

Special Meeting

A meeting called for a specific purpose, outside of the regularly scheduled sessions.

Cumulative Voting

A system of voting for directors of a corporation in which shareholders can concentrate their votes on one candidate, rather than having to distribute them equally among candidates.