All of the Statements Regarding Activity-Based Costing Are Correct Except

question 67

Multiple Choice

All of the statements regarding activity-based costing are correct except:

• A)it provides better information for decision-making.
• B)it provides more accurate product costs.
• C)it is used by the majority of businesses in Australia.
• D)it is costlier than alternative systems.

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Definitions:

Marketing Concept

The philosophy that firms should analyze the needs of their customers and then make decisions to satisfy those needs, better than the competition.

Market Orientation

A business philosophy where the focus is on identifying and meeting the needs and desires of customers through the product mix.

Dual-process model

A theory explaining human thought and behavior as the outcome of two distinct systems: one automatic and unconscious, and the other deliberate and conscious.