The Process of Completing a Final Product or Service

question 9

Multiple Choice

The process of completing a final product or service

• A) can have only one cost driver.
• B) may involve a number of separate activities.
• C) can have only one cause-and-effect relationship.
• D) can have multiple cost drivers, but they must be of equal importance.

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Definitions:

Saving

The segment of one's income that is not consumed but saved for future investments or use.

Consumption

The act of using goods and services for personal needs or to satisfy consumer demands.

APS

Average Propensity to Save, the proportion of total income that is saved by the economy or an individual.

Consumption

Pertains to the aggregate volume of products and services that are purchased and consumed by families and people.