The Primary Benefit of ABC Is It Provides

question 60

Multiple Choice

The primary benefit of ABC is it provides

• A) better management decisions.
• B) enhanced control over overhead costs.
• C) more cost pools.
• D) more accurate product costing.

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Definitions:

Poka-Yoke

Literally translated, “foolproof”; it has come to mean a device or technique that ensures the production of a good unit every time.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental changes over time.

Profitability

A measure of the efficiency and effectiveness of a company in generating profits from its operations, indicative of its financial health over time.

Flexible Pricing

A pricing strategy where the price of a product or service can vary based on market conditions, customer demand, or other factors.