Which of the Following Steps Is Not Involved in the ABC

question 45

Multiple Choice

Which of the following steps is not involved in the ABC approach?

• A)Identify activities that cause costs to be incurred.
• B)Allocate costs to products based on activity usage.
• C)Group costs of activities into cost pools.
• D)Improve processes based on benchmarking.

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Definitions:

Penalty

A punishment imposed for breaking a law, rule, or contract which often involves paying a fine or undergoing some form of restraint.

Implied Powers

Powers not explicitly stated but are considered necessary for fulfilling the expressly granted powers of an authority or government body.

Incorporated

refers to the process by which a business becomes a legally recognized entity that is distinct from its owners, providing benefits like liability protection and tax advantages.

Corporation Name

The legal name under which a corporation is registered to conduct business.