Which Is the Final Step of the Four Steps Needed

question 36

Multiple Choice

Which is the final step of the four steps needed to build an activity-based budget?

• A)Determine output level.
• B)Determine the activities and their drivers needed to produce output.
• C)Estimate the demand for each activity to produce the output.
• D)Determine the cost of resources required to produce the relevant activities.

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Definitions:

Contract Law

The area of law that deals with the creation and enforcement of agreements between parties, outlining the legal obligations and duties arising from agreements.

Agency Relationship

A fiduciary relationship in which one party (agent) acts on behalf of and under the control of another party (principal) in dealing with third parties.

Sales Representative

A person employed to sell products or services for a company, often directly to customers.

Percent Discount

A reduction in price, usually calculated as a certain percentage of the original price.