Match Each Term with a Statement Below

question 42

Multiple Choice

Match each term with a statement below.

-The process of combining all of an object's attributes and methods into a single package

• A)instance variables
• B)class client
• C)inheritance
• D)class
• E)information hiding
• F)state
• G)primitive data types
• H)attributes
• I)encapsulation
• J)object

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Definitions:

Activity-Based Costing

A costing methodology that identifies activities in an organization and assigns costs to products and services according to their consumption of those activities.

Activity-Based Costing

A costing method that assigns costs to products or services based on the activities and resources that go into creating them, aiming for more accurate cost information.

Activity-Based Costing

is a method of accounting that assigns costs to products based on the activities they require, aiming to provide more accurate product costing.

Activity Rate

The activity rate refers to a predetermined overhead rate used in activity-based costing to allocate costs to products or services based on specific activities.