In Activity-Based Costing,final Cost Allocations Assign Costs to

question 73

Multiple Choice

In activity-based costing,final cost allocations assign costs to

• A)departments.
• B)processes.
• C)products.
• D)activities.

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Definitions:

Cause-And-Effect Analysis

A method used to identify the underlying causes of a problem or event by examining the relationship between actions and outcomes.

Fishbone Diagram

A visual tool used for identifying and organizing the potential causes of a problem in a structured format, often resembling the shape of a fish skeleton.

Kaizen

A Japanese term for 'continuous improvement,' focusing on incremental changes in processes to enhance efficiency and quality.

Total Quality Management (TQM)

A comprehensive management approach that focuses on continuous quality improvement of products and services by involving all members of an organization.