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:

Organizational Culture

The set of beliefs, values, norms, and practices shared by members of an organization, influencing its operations and environment.

Major Challenges

Significant obstacles or difficulties that need to be overcome.

Development Factor

An element or condition that contributes to the growth, progress, or enhancement of something.

Organizational Socialization

The process by which new employees learn the values, norms, and required behaviors to become effective members of an organization.