Joseph Is Automatically Rated as a Member of the Middle

question 35

Multiple Choice

Joseph is automatically rated as a member of the middle class because he has a masterʹs degree. This way of assigning people to social classes, based on years of education and occupation, is called the__________method.

• A) reputational
• B) subjective
• C) educational
• D) objective

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Definitions:

Time-Driven

A concept or approach where activities, costs, or operations are measured and managed based on time, often used in activity-based costing.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific products or projects based on their consumption of resources.

Unused Capacity

The portion of a company's production capability or resources that is not currently being used in production.

Activity-Based Costing

A costing method that assigns costs to products or services based on the activities they require, aiming to provide more accurate information on product costing and profitability.