Activity-Based-Costing (ABC) Systems Are Generally Prevalent in Companies Seeking to Increase

question 10

Multiple Choice

Activity-based-costing (ABC) systems are generally prevalent in companies seeking to increase ____ and ____.

• A) cost accuracy and usefulness
• B) cost accumulation and cost assignment
• C) cost allocation and cost containment
• D) product costing and cost allocation

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Definitions:

Self-Serving Bias

The common tendency to attribute successes to personal characteristics and failures to external factors.

Exaggerated Feelings

Intense emotional responses that are disproportionate to the situation at hand.

Self-Importance

A heightened focus on oneself, often characterized by an overrated view of one's abilities, needs, or uniqueness.

Narcissism

A psychological condition characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.