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Similar to other costing systems that include allocation, ABC cost information may be misleading for decision making purposes. To combat this problem, costs within an activity can be classified as:
Treadmill
An exercise machine used for walking or running while staying in one place.
Misrepresentation
The act of giving a false or misleading statement about a crucial fact in a transaction, leading to potential legal consequences.
Negligence
A failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, often resulting in harm or damage.
Misconduct
Inappropriate or wrongful behavior by an employee that goes against the policies or expectations of the employer.
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