An Activity-Based Costing System Is Generally Easier to Set Up

question 62

True/False

An activity-based costing system is generally easier to set up and run than a traditional cost system.

---

Definitions:

Corporate Resources

Assets, both tangible and intangible, that a corporation possesses and can utilize to achieve its objectives, including financial, human, and technological resources.

Corporate Policy

Guidelines and rules that govern how a corporation operates, including its principles, objectives, and procedures designed to achieve its goals.

Capital Structure

The mix of various forms of financing used by a firm to fund its overall operations and growth, including debt, equity, and any other financing sources.

Quorum

The minimum number of members required to be present to make the proceedings of a meeting valid.