Which One of the Following Managerial Accounting Approaches Attempts to Allocate

question 32

Multiple Choice

Which one of the following managerial accounting approaches attempts to allocate manufacturing overhead in a more meaningful fashion?

• A)Theory of constraints
• B)Just-in-time inventory
• C)Activity-based costing
• D)Total-quality management

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Definitions:

Public Good

A product or assistance made available to all societal members without financial gain, provided by either state bodies or voluntary private groups or individuals.

Nonrival

A characteristic of a good whereby one person's consumption does not reduce its availability to others.

Nonexcludable

A characteristic of a good or service that prevents the owner or provider from excluding individuals from using it once it has been provided.

Marginal Private Benefit

The additional benefit received by a consumer or producer from consuming or producing one more unit of a good or service.