Why Are Public Frameworks, Such as 1TIL, Attractive When Compared

question 523

Multiple Choice

Why are public frameworks, such as 1TIL, attractive when compared to proprietary knowledge?

• A) Proprietary knowledge may be difficult to adopt, replicate or transfer since it is often undocumented
• B) Public frameworks are always cheaper to adopt
• C) Public frameworks are prescriptive and tell you exactly what to do
• D) Proprietary knowledge has been tested in a wide range of environments

---

Definitions:

Overhead Costs

Indirect costs incurred during the production process or in the performance of services, not directly tied to a specific product or service.

Activity Cost Pools

Groupings of individual costs, typically by department or activity, used in activity-based costing to allocate costs to products or services.

Time-Driven

A method or approach that relies on time as the main factor to drive processes, activities, or costing.

Activity-Based Costing

A costing method that assigns costs to products or services based on the activities they require, aiming to provide more accurate cost information.