An Important Benefit of Activity Based Costing Is

question 10

Multiple Choice

An important benefit of activity based costing is

• A) The simplicity of cost allocation.
• B) The acknowledgment and reward of employee effort.
• C) The ability to highlight waste and streamline business processes.
• D) The acceptance by stockholders of other sources of financing.
• E) The ability to monitor the board of directors.

Interpret data presented in tables and graphs related to income distribution.

Understand the effects of taxes and transfers on income distribution and inequality.

Identify major causes and indicators of income inequality within an economy.

Comprehend how shifts in Lorenz curves indicate changes in income inequality.

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Definitions:

Years

Years are units of time used to measure duration, consisting of 12 months or 365 days in a common year and 366 in a leap year.

Ordinary Annuity

A series of equal payments made at equal intervals of time, commonly used in calculations of loan repayments or future savings, where interest compounding occurs at the end of each period.

Expressed

Clearly communicated or made known in words, actions, or symbols.

Years

Units of time equal to 365 days, or 366 in a leap year, used to measure durations and ages.