Which Is an Advantage of an ABC System

question 30

Multiple Choice

Which is an advantage of an ABC system?

• A) ABC results in true product costs
• B) ABC has little measurement error
• C) ABC systems allow accountants to identify non-value adding activities
• D) ABC is inexpensive to implement

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Definitions:

Recover

The act of obtaining a return to a normal state of health, mind, or strength, or regaining possession or control of something lost or taken away.

Marriage

Marriage is a legally or culturally sanctioned union between individuals that establishes rights and obligations between them, as well as between them and their children.

Ucc

The Uniform Commercial Code (UCC) is a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions.

Negotiable Instruments

Financial documents that promise to pay the bearer or named party a specific sum of money, either on demand or at a set time.