Which of the Following Best Explains the Main Advantages of Time-Driven-Activity-Based

question 73

Multiple Choice

Which of the following best explains the main advantages of time-driven-activity-based costing for services over the use of conventional ABC?

• A) The number of services can more easily be expanded than under conventional ABC, since costs are assigned to unused capacity.
• B) Theoretical capacity, used in this type of costing, allows service companies a better method to assess quality control than does conventional ABC.
• C) Time-based resource and activity data is easy to collect and practical capacity is used by time-driven-activity-based costing.
• D) The number of line items on a service's bill is minimized and practical capacity is used by time-driven-activity-based costing.
• E) This type of costing allows service companies better information since their objectives when using ABC are different than those of manufacturing firms.

Recognize the phases of the general adaptation syndrome (GAS) and identify the work of Hans Selye.

Differentiate between the types of stress responses including the 'fight or flight' and 'tend-and-befriend' responses.

Explain the impact of stress on health, especially regarding susceptibility to disease.

Describe how stress levels can affect the immune system's functionality.

---

Definitions:

Gambling Agreement

A contract or arrangement between parties to stake something of value, typically money, on the outcome of an event with an uncertain result, with the primary intent of winning additional money or material goods.

Exculpatory Clause

A clause in a contract that basically frees one party (usually the drafter of the agreement) from all liability arising out of performance of the contract; generally based on factors such as consumer ignorance or a great deal of unexplained fine print that serve to deprive the less powerful party of a meaningful choice.

Liability Release

a legal document where one party agrees not to hold another party liable for risk, damage, or loss.

Green Hair

A hair color that has been dyed various shades of green or hair that has turned green due to exposure to chlorine or certain chemicals.