In an ABC System, an Activity Is Best Defined as A

question 33

Multiple Choice

In an ABC system, an activity is best defined as a:

• A) Type of task performed in an organization
• B) Collection of activities in a particular department
• C) Collection of cost drivers associated with a particular cost pool
• D) Group of cost pools associated with a particular department

Recognize examples of cash flows from operating activities.

Know the difference between direct and indirect methods for preparing the operating activities section of the statement of cash flows.

Understand how cash flows from financing activities are reported.

Calculate and interpret the cash flow on total assets ratio.

---

Definitions:

Trendline

A line drawn on a graph to represent the general direction in which something is moving, based on historical data.

Major Gridlines

The prominent lines in a chart or graph that help in measuring and aligning the data points with the scale of the axis.

Data Label

Text or information associated with a data point in charts or graphs, typically to identify the value or category.

Axis Title

A label that describes what data is represented in each axis (e.g., x-axis, y-axis) of a graph or chart.