Which of the Following Statements Is Incorrect with Regard to the Importance

question 33

Multiple Choice

Which of the following statements is incorrect with regard to the importance of colonies for mercantilist nations?

• A) They served as sources of inexpensive raw materials.
• B) They served as markets for higher-priced finished goods.
• C) They served as a source of military protection.
• D) They served as a source of profits for mercantilist powers.

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Definitions:

Batch-level Activities

Operations and tasks performed for a group of units produced as a single batch, costing is aggregated at the batch level.

ABC

Activity-Based Costing, a method of allocating costs to products or services based on the resources they consume.

Unused Capacity

Refers to the resources or capabilities within a business that are not currently being used to their full potential, which can lead to inefficiencies or lost income.

Activity-based System

An activity-based system is a method of assigning costs to products or services based on the activities that go into producing them, aiming to provide more accurate cost information.