Activity-Based Costing Uses a Number of Activity Cost Pools, Each

question 66

True/False

Activity-based costing uses a number of activity cost pools, each of which is allocated to products on the basis of direct labor-hours.

---

Definitions:

Corporate Practice

Refers to the customary methods and operations adopted by businesses to achieve their objectives and maintain competitiveness in their industry.

Social Responsibility

Social responsibility involves the ethical obligation of businesses and organizations to contribute to societal welfare, embracing practices that promote community growth, environmental sustainability, and equitable operations.

Government Agency

refers to a permanent or semi-permanent organization in the public sector that is responsible for the oversight and administration of specific functions.

Strategic Communications

The practice of planning and executing communications that directly support an organization's goals and objectives.