Types of Business Activities in Virtual Worlds Include Each of the Following

question 65

Multiple Choice

Types of business activities in virtual worlds include each of the following except

• A) creating and managing a virtual business.
• B) operating a bed and breakfast in Nova Scotia.
• C) providing services for those who build, manage, or make money with virtual properties.
• D) conducting regular business activities.

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Definitions:

Activity-based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate representation of product costs.

Direct Materials

Raw materials that are directly consumed in the manufacturing process of a product and are easily identifiable in the final product.

Unit Cost

The cost incurred to produce, store, and sell one unit of a product, calculated by dividing total costs by the number of units.

Cost Driver

A factor that causes the cost of an activity or process to change.