In What Way Are Projects and Typical Business Activities Similar

question 58

Multiple Choice

In what way are projects and typical business activities similar?

• A)For most companies, projects and typical business activities can be described as routine.
• B)Both projects and typical business activities have a defined ending point at which time they are complete.
• C)Projects and routine business activities require significant levels of cross-functional and interorganizational coordination.
• D)The successful completion of projects and business activities is essential to a firm's competitive position.

---

Definitions:

Overhead Allocation Base

A metric used to assign indirect costs to cost objects, often based on time, labor, or machine hours.

Plantwide Overhead Rate

A single overhead absorption rate used throughout an entire factory or plant, applied to all production units irrespective of the department in which they were produced.

Overhead Cost Pool

A collection of indirect expenses grouped together to be allocated systematically to different departments, processes, or products.