Geothermal and Tidal Generation of Electricity Are Similar in That

question 10

Multiple Choice

Geothermal and tidal generation of electricity are similar in that

• A)although they are effective at generating electricity,the sites where the technology can be used are very limited.
• B)both are simple technologies that can be used with little initial investment.
• C)both have the potential to produce large amounts of electricity in many places in the world.
• D)None of the statements is correct.

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Definitions:

Activity-Based Cost

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate reflection of the costs associated with producing specific products or services.

Indirect Labor

Costs associated with employees who do not directly produce goods but whose services are necessary for the manufacturing process.

Activity Pools

These refer to groups of related tasks or activities in a business that consume resources and are used in activity-based costing for assigning costs to products or services.

Activity Rate

A metric used to allocate costs based on the level of activity, commonly used in activity-based costing.