A Decision-Making Approach That Focuses on Being Objective and Orderly

question 136

Multiple Choice

A decision-making approach that focuses on being objective and orderly in testing ideas before accepting them is called the ________ method.

• A) MIS
• B) scientific
• C) statistical
• D) DSS
• E) marketing models

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Definitions:

Activity-Based Costing

A pricing technique that allocates overhead and indirect expenses to corresponding goods and services according to their consumption of resources.

Direct Labor-Hours

A measure of the total time workers spend directly manufacturing a product, often used in costing and operational efficiency analysis.

Direct Materials Cost

Direct materials cost refers to the expenditure on raw materials that can be directly attributed to specific products or production batches, becoming an integral part of the finished goods.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to related products and services based on the activities that drive these costs.