Identifying Activities Performed in the Organization Is the First Step

question 16

Multiple Choice

Identifying activities performed in the organization is the first step in developing activity-based product costs.Which of the following is a way to identify these activities?

• A)Asking employees what they do
• B)Analyzing industry averages
• C)Investigating variances
• D)Determining cost pools

---

Definitions:

Chosen Occupation

A profession or career that an individual has selected to pursue, often after considerable reflection and based on personal interests and aptitudes.

Career

The pattern of work-related experiences that spans the course of a person’s life.

Occupational License

A certification requirement by a regulatory body that permits an individual to legally perform specific tasks or jobs in a certain profession.

Job Eligibility

The qualifications and criteria a candidate must meet to be considered suitable for a specific job, including education, experience, and skills.