Which of the Following Statements Is True of ABC Systems

question 45

Multiple Choice

Which of the following statements is true of ABC systems?

• A) ABC system will always result in higher product costs.
• B) ABC system employs multiple activity-cost drivers.
• C) ABC system is least suited for service companies.
• D) ABC system is simpler compared to traditional systems.

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Definitions:

Final stage of life

Refers to the last phase in the life cycle of an individual, often characterized by decline in physical and cognitive functions, leading up to death.

Palliative care

Medical care aimed at relieving the symptoms, pain, and stress of serious illness, rather than curing the disease.

Pain management

A branch of medicine focused on reducing pain and improving the quality of life for those suffering from acute or chronic pain.

Emotional care

Providing support that addresses the emotional and psychological well-being of an individual.