Examlex

Solved

A Technique in Which One System Models the Behavior of Another

question 32

Multiple Choice

A technique in which one system models the behavior of another system is called ____.


Definitions:

Sequential Method

A process approach where tasks or operations are performed one after another in a specific order.

ABC

Activity-Based Costing, a method of assigning overhead and indirect costs to specific products or activities based on their use of resources.

Step-Down Method

A method of allocating support department costs to production departments that considers some inter-support-department services in a sequential or step-down fashion. Also known as the sequential method.

Direct Method

A method of preparing the cash flow statement where major classes of gross cash receipts and payments are disclosed.

Related Questions