What Is the Operational Activity of Setting Up Equipment Classified

question 43

Multiple Choice

What is the operational activity of setting up equipment classified as?

• A)a unit-level activity
• B)a batch-level activity
• C)a product-level activity
• D)a facility-level activity

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Definitions:

Natural Resource

Materials or substances occurring in nature which can be exploited for economic gain, like minerals, forests, water, and fertile land.

Asset Disposal

The process of selling, donating, scrapping, or otherwise getting rid of an asset that a business no longer intends to use.

Gain

An increase in equity from incidental transactions and other events affecting the entity during a period, except those that result from revenues or investments by owners.

Loss

Refers to when a company's expenditures exceed its revenues during a specific period of time, resulting in a negative profit.