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Which is a correct statement of the second law of thermodynamics?
Activity-based Costing
A methodology that assigns production costs to products based on the activities required to produce them, aiming for more accurate cost allocation.
Volume-based
A pricing or costing method that changes based on the amount of goods or services produced or sold.
Non-volume-based
Refers to costing methods that allocate costs based on factors other than the volume of production, such as time or complexity.
Organisational Structure
The system of rules, roles, and responsibilities within an organization that determines how it operates and how its employees work together to achieve business objectives.
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