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Which one of the following statements concerning nephelometry is correct?
Activity Cost Pools
Groups of indirect cost resources that are allocated to products and services using a cost driver.
Legal Firm
A business that provides legal services and is staffed by lawyers.
Activity-Based Costing
A method of allocating overhead and indirect costs to specific products or projects based on their use of resources.
Activity Rate
The cost driver rate that is used to assign activity costs to products or services based on their consumption of the activity.
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