A Flowchart Is an Analytical Tool Used to Describe Some

question 62

Multiple Choice

A flowchart is an analytical tool used to describe some aspect of an information system.A flowchart that depicts the relationships among the input,processing,and output of an AIS is

• A)an internal control flowchart.
• B)a document flowchart.
• C)a system flowchart.
• D)a program flowchart.

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Definitions:

Customer Margin

The profit generated from a specific customer, calculated by subtracting the costs associated with serving that customer from the revenue earned from them.

Total Overhead Cost

The sum of all indirect costs involved in operating a business, including administrative and managerial expenses.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate reflection of the costs associated with producing specific products or services.

Activity Cost Pools

A method in managerial accounting used to allocate indirect costs to products or services based on specific activities that drive costs.