Activity Based Costing Can Be Applied To

question 76

Multiple Choice

Activity based costing can be applied to:

• A) Manufacturing activities only.
• B) Service activities only.
• C) Merchandising activities only.
• D) Any company in any industry.
• E) Government only.

---

Definitions:

Personal Needs

Basic requirements and desires that individuals seek to fulfill, such as physiological needs, safety, love, and esteem.

Family Needs

The basic and extended requirements for the wellbeing and functioning of family members, including emotional, financial, and educational support.

Psychological Contract

An unwritten agreement that sets out mutual expectations, obligations, and understanding about work between an employer and an employee, beyond the formal contract of employment.

High-Performance Results

Refers to outcomes that significantly exceed the standard or expected levels of output, efficiency, or effectiveness in a given area.