A Difference in GAAP-Based Product Costing and Activity-Based Costing Is

question 144

Multiple Choice

A difference in GAAP-based product costing and activity-based costing is that under activity-based costing

• A)all costs are classified as product and period costs, whereas under GAAP they are classified by behavior.
• B)sales less cost of goods sold is classified as gross profit, whereas under GAAP this subtotal is titled contribution margin.
• C)selling and administrative costs are allocated to products if they are incurred to provide resources that are consumed by unit-level, batch-level, or product-level activities.
• D)all costs are traceable, whereas in GAAP-based costing some costs are allocated.

Explain models of species coexistence and competition for resources in ecosystems.

Analyze the impact of species removal or addition on community structure and ecosystem services.

Identify the stages of ecological succession and the changes in species composition and diversity.

Distinguish between primary and secondary succession and understand the factors influencing their rates.

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Definitions:

Nominal Data

Nominal data represents categories that cannot be logically ordered or ranked, where each category is mutually exclusive and there is no inherent arithmetic relationship among them.

Ordinal Data

A type of categorical data with a set order or ranking among the categories but without a defined distance between categories.

Nominal Data

Data categorized by labels or names without a natural order or ranking between the categories.

Interval Data

A type of numerical data that allows for the measure of both the order of data points and the exact differences between them.