Which of the Following Is an Example of a Social

question 10

Multiple Choice

Which of the following is an example of a social business innovation?

• A) An organization working on maintaining cleanliness in the cities
• B) A firm specializing in producing customized bags based on preferences of the purchasers
• C) A firm introducing a range of meals that can be cooked instantly
• D) A firm removing the use of intermediaries to deal with customers directly
• E) A record label using an exclusive process to record music albums

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Definitions:

Overhead Rates

The rates used to allocate indirect costs to products or services, representing the proportion of overheads each product or service carries.

Allocation-Base Usage

The process of distributing costs based on a predetermined criterion or base, such as machine hours or labor costs.

Activity-Based Costing

Activity-based costing is a method in accounting that assigns costs to products and services based on the resources they consume and the activities undertaken to produce them.

Period Costs

Expenses that are incurred by a business during a specific time period but are not directly tied to the production of goods and are reported immediately in the company's income statement.