New Cities Are Created Every Year

question 31

True/False

New cities are created every year. For instance, during a six-year period, 145 places incorporated and thirty-three cities disincorporated (or ceased to exist as official locales).

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Definitions:

Activity-Based Costing

A costing method that allocates overhead and indirect costs to specific activities related to production, providing more accurate product costing.

Activity Rates

Charges used to assign costs to cost objects, based on activities that drive costs in activity-based costing.

Budgeted Cost

An estimate of the expenses for various operations, projects, or activities planned for a specific period.

Activity Cost Pools

A grouping of all costs associated with a particular activity, used in activity-based costing to allocate costs more accurately to products or services.