All of the Following Statements Are Correct Except That

question 153

Multiple Choice

All of the following statements are correct except that

• A) activity-based costing has been widely adopted in service industries.
• B) the objective of installing ABC in service firms is different than it is in a manufacturing firm.
• C) a larger proportion of overhead costs are company-wide costs in service industries.
• D) the general approach to identifying activities and activity cost pools is the same in a service company as in a manufacturing company.

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Definitions:

Lymphatic Tissue

Specialized tissue in the lymphatic system involved in immune responses.

Tongue

A muscular organ in the mouth of most vertebrates, involved in taste, swallowing, and speech.

Hepatic Lobules

The microscopic functional units of the liver, consisting of a hexagonal arrangement of liver cells (hepatocytes) centered around a central vein.

Macrophages

A type of phagocytic cell found in the liver, spleen, lungs, bone marrow, and connective tissue. Macrophages play several roles in humoral and cell-mediated immunity, including presenting the antigens to the lymphocytes involved in these defenses; also known as monocytes while in the bloodstream.