Activity-Based Costing Has Been Found to Be Useful in Each

question 105

Multiple Choice

Activity-based costing has been found to be useful in each of the following service industries except

• A) airlines.
• B) railroads.
• C) hotels.
• D) ABC has been useful in all of these industries.

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Definitions:

Supplier's Country

The nation in which a supplier or producer of goods or services is located or operates from.

Port

A location on a coast or shore containing harbors where ships can dock and transfer people or cargo to or from land.

CIF

An international commercial term (Incoterm) meaning "Cost, Insurance, and Freight," indicating the seller must cover these costs to the point of destination specified.

Marine Insurance

Insurance coverage that protects against the loss or damage of ships, cargo, terminals, and any transport by which property is transferred, acquired, or held between the points of origin and final destination.