A Widely Held but Difficult-To-Achieve Standard of Availability for a System

question 17

Multiple Choice

A widely held but difficult-to-achieve standard of availability for a system or product is known as __________.

• A) five 8s
• B) three 9s
• C) four 9s
• D) five 9s

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Definitions:

Activity Rate

An activity rate is the cost driver rate used in activity-based costing to allocate overhead costs to products or services.

Activity-based Costing

An accounting method that assigns costs to products or services based on the activities and resources that go into their production, providing more accurate cost information.

Resource Consumption

The use of resources (such as raw materials, energy, or labor) by a process, project, or activity, typically measured to manage efficiency and costs.

Activity-based Costing

A costing methodology that assigns costs to products or services based on the resources they consume.