The Industry with the Lowest Return in 2016 Was

question 2

Multiple Choice

The industry with the lowest return in 2016 was

• A) -asset management.
• B) telecom services.
• C) health care.
• D) business software.
• E) money center banks.

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Definitions:

Measuring Ingredients

Measuring Ingredients involves quantitatively determining the proportions of various components that go into a product, critical in both cooking and manufacturing.

Batch Level Activities

These activities involve costs incurred for every batch produced, regardless of the volume of units in the batch.

Materials Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.

Activity-Based Product Costing

A costing method that assigns costs to products based on the activities they require, focusing on the relationship between costs, activities, and products.