An Activity-Based Costing System Suits a Company That Has

question 5

Multiple Choice

An activity-based costing system suits a company that has:

• A) A diverse product range.
• B) A highly automated process with uniform products.
• C) Low fixed costs.
• D) High levels of direct costs.

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Definitions:

Preoperational Stage

According to Piaget, the stage from approximately age 2 to age 7 in which children’s use of symbolic thinking grows, mental reasoning emerges, and the use of concepts increases.

Cognitive Development

The process by which individuals acquire and process knowledge through thought, experience, and the senses over time.

Preoperational

Refers to a stage in Piaget's theory of cognitive development, where children aged 2 to 7 years use symbols to represent their earlier sensorimotor discoveries but lack the ability to perform operations or use logic.