Which of the Following Statements Is True About Activity-Based Budgeting

question 33

Multiple Choice

Which of the following statements is true about activity-based budgeting?

• A) activity-based budgeting estimates total costs more accurately than cost-based budgeting
• B) activity-based budgeting provides more detailed information than cost-based budgeting
• C) activity-based budgeting is cheaper than cost-based budgeting
• D) activity-based budgeting is simpler to implement than cost-based budgeting

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Definitions:

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, used as the basis for z-scores in statistics.

Margin Of Error

An expression of the amount of random sampling error in a survey's results, representing the extent to which the sample results might differ from those of the actual population.

Confidence Interval

A range of values, derived from the sample data, within which we can say with a certain level of confidence that the true population parameter lies.

Sample Size

The number of observations or subjects used in a study or experiment, critical for determining the study's reliability and representativeness.