People's Pal, a Public Sector Bank, Provides a Feature on Its

question 56

Multiple Choice

People's Pal, a public sector bank, provides a feature on its website that allows its customers to disburse their bills automatically on a monthly basis. This saves its customers from the hassle of forgetting to pay their bills and paying a fine. In this scenario, People's Pal uses:

• A)electronic bill presentment and payment.
• B)a cybermediary.
• C)intranet.
• D)decision support systems.

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Definitions:

Manufacturing Activities

The set of processes involved in the production of goods, ranging from raw materials handling to the final assembly of products.

Departmental Overhead Rate

A charge rate specific to each department of a company, calculated to allocate indirect costs to products more accurately.

Plantwide Overhead Rate

A single overhead rate calculated by dividing total factory overhead by total direct labor hours or machine hours, applied company-wide.

Overhead Allocations

The process of distributing indirect costs (overheads) across various cost objects, such as products or departments, based on predetermined criteria.