Which Two Aspects of the Following Statement Make It an Effective

question 138

Multiple Choice

Which two aspects of the following statement make it an effective goal? "Increase market share from 18 to 22 percent by December 31,2015."

• A)loose and vague
• B)as general as possible
• C)flexible or elastic
• D)quantified and measurable

---

Definitions:

Traditional Costing

A costing method that allocates overhead costs based on a single predetermined rate.

Overhead Applied

The amount of overhead costs allocated to products or job orders based on the predetermined overhead rate.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific products or projects based on their use of activities.

Overhead Assigned

The allocation of indirect costs or overhead to specific cost objects, such as products or jobs, based on a predetermined formula.