One Way for Managers to Get an Estimate of Customer

question 33

True/False

One way for managers to get an estimate of customer profitability is to allocate expenses to customers through activity-based costing.

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Definitions:

Randomly Selected

The process of choosing individuals or items in such a way that each member of a population has an equal chance of being included in the sample.

Normal Fluctuations

Variations in data or statistical measurements that are considered normal or typical within a specific context.

Assignable Variation

Variability in a process attributable to identifiable reasons, rather than being due to chance.

Specific Events

Particular occurrences or happenings that are distinct and identifiable.