In Your New Role at Your Job, You Have Inherited

question 150

Multiple Choice

In your new role at your job, you have inherited a project that needs to be completed quickly. Your first task, you decide, is to identify the proper method to develop the software.
The manager for the eastern division sales force is upset because she needs this software to track current sales. However, the project has not started. What type of software development should you use?

• A) rapid application development
• B) quick software development
• C) accessible development
• D) verifiable development

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Definitions:

Activity-Based Costing

A method of accounting where costs are assigned based on the activities and processes that contribute to the production of a product or service.

Activity Cost Pool

A grouping of all the costs associated with a particular activity, used in activity-based costing.

Cost Allocation Base

A method or factor used to assign costs in an equitable manner to various cost objects like departments, products, or projects.

Departmental Overhead Rate

A rate used to allocate overhead costs to individual departments based on relevant criteria, such as direct labor hours or machine hours.