The Process of Identifying Appropriate Cost Drivers and Their Effects

question 65

Multiple Choice

The process of identifying appropriate cost drivers and their effects on the costs of making a product or providing a service is called ________.

• A)account analysis
• B)activity analysis
• C)cost measurement
• D)action analysis

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Definitions:

Linear Programming

A mathematical technique used for allocation of resources optimally, often applied in optimizing production processes, logistics, and other operational areas.

Delphi Technique

A forecasting method that involves gathering the opinions of experts through multiple rounds of questionnaires to reach consensus on future events or decisions.

Skills Inventories

Databases or lists of the skills and qualifications that employees possess, used for managing and planning human resources.

HR Demand Requirements

The specific needs and number of human resources an organization requires to meet its strategic objectives and goals.