Consumption Ratios Are Useful in Determining

question 4

Multiple Choice

Consumption ratios are useful in determining:

• A) the existence of product-line diversity.
• B) overhead that is incurred at the unit level.
• C) if overhead-producing activities are being utilized effectively.
• D) if overhead costs are being applied to products.
• E) if overhead-producing activities are being utilized efficiently.

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Definitions:

Fundamental Attribution Error

This refers to the tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the influence of external factors.

Distinctiveness Cue

A feature or characteristic that makes an object, person, or group stand out from others.

Consensus Cue

A social influence where the agreement among multiple parties or sources enhances the perceived validity of information or decisions.

Situational Factors

External elements or circumstances that can influence individuals' behavior and decision-making processes.