Ahmad Owns Four Activities

question 64

Multiple Choice

Ahmad owns four activities. He participated for 120 hours in Activity A, 150 hours in Activity B, 140 hours in Activity C, and 100 hours in Activity D. Which of the following statements is correct?

• A) Activities A, B, C, and D are all significant participation activities.
• B) Activities A, B, and C are significant participation activities.
• C) Ahmad is a material participant with respect to Activities A, B, and C.
• D) Ahmad is a material participant with respect to Activities A, B, C, and D.
• E) None of the above.

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Definitions:

Cost Management

The process of planning and controlling the budget of a business or project, focusing on reducing expenses to improve profitability.

Internal Demand Analysis

The process of assessing the demand for a company's products or services within the company itself, often for budgeting or planning purposes.

Supplier Cost Structure

Refers to the detailed composition of costs that a supplier incurs, including direct, indirect, fixed, and variable costs, to provide goods or services.

Learning Curve

The concept that describes how new skills or knowledge can be acquired more efficiently over time with practice and experience.