Which of the Following Is a Good Definition of a Task

question 36

Multiple Choice

Which of the following is a good definition of a task?

• A) A grouping of elements to form an identifiable work activity that is a logical and necessary step in the performance of a job
• B) A grouping of jobs, usually according to function
• C) A grouping of jobs according to generic job title or occupation
• D) A grouping of positions that are similar in their tasks and task dimensions

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Definitions:

GAAP

Generally Accepted Accounting Principles, the standardized set of accounting rules, practices, and procedures used in preparing financial statements in the U.S.

Product Costing

Product costing involves determining all expenses related to the creation of a product, including materials, labor, and overhead, to establish its total cost.

Absorption Costing

In this accounting method, total costs of manufacturing, from direct materials and labor to both fixed and variable overheads, are completely absorbed into the product’s final cost.

Variable Costing

Variable costing is a cost accounting method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product cost calculations, excluding fixed overhead costs.