The Cost of Using the Controls Should Be Less Than

question 82

Multiple Choice

The cost of using the controls should be less than the benefit derived from using them. This shows that effective controls should be ________.

• A) flexible
• B) acceptable
• C) economical
• D) timely

Acknowledge the applicability and flexibility of ABC in both manufacturing and service industries.

Grasp the conceptual foundation of ABC, including the roles of resource drivers and activity drivers.

Understand the concept and importance of cost drivers in managing activities and costs.

Understand the concept and application of normal costing in manufacturing processes.

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Definitions:

Organic Product

A compound that results from organic chemistry reactions, typically containing carbon atoms in its structure.

Major

Referring to the component or outcome that is the most abundant or significant in a given context or mixture.

Nucleotides

Nucleotides are biological molecules that serve as the monomers of nucleic acids like DNA and RNA; they consist of a nitrogenous base, a five-carbon sugar (ribose or deoxyribose), and one or more phosphate groups.

Linkage

Refers to the connection between atoms or the arrangement of atoms within molecules; it can also pertain to the genetic association between alleles at different loci.