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A large population of animals is split in two by a physical barrier. Over time, the genetic make up of the two resulting populations becomes more and more different, until each population becomes a separate species. This is an example of
Activity-Based Costing
An accounting method that assigns costs to products based on the activities they require, aiming to provide more accurate costing information.
Product Diversity
The range of different products or services offered by a business to meet various customer needs and market demands.
Overhead Resources
All indirect costs involved in running a business that cannot be directly attributed to a specific product or service.
Activity-Based Costing
An accounting approach that assigns costs to products or services based on the resources they consume, aiming to provide more accurate insights into cost drivers and profitability.
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