Activity-Based-Costing (ABC) Systems Are Generally Prevalent in Companies Seeking to Increase

question 10

Multiple Choice

Activity-based-costing (ABC) systems are generally prevalent in companies seeking to increase ____ and ____.

• A) cost accuracy and usefulness
• B) cost accumulation and cost assignment
• C) cost allocation and cost containment
• D) product costing and cost allocation

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Definitions:

Contingency Theories

A group of leadership theories suggesting that there is no single best way to lead, as effective leadership depends on the context of the situation.

Theory Y

A management approach that assumes employees are inherently motivated and will take responsibility if given the opportunity, in contrast to Theory X.

Formal Mathematical Models

Theoretical frameworks that use mathematical expressions to represent and analyze complex systems or problems.

Tight Bureaucracy

A highly structured organizational form with strict rules, procedures, and hierarchy, emphasizing control and consistency.