Activity-Based Costing Is Likely to Be Most Beneficial to Firms

question 18

Multiple Choice

Activity-based costing is likely to be most beneficial to firms with which characteristics?

• A)Has a multi-product range that use resources differently.
• B)Manufactures a single product.
• C)Has a multi-product range that use similar processes.
• D)Is set-up as a public company.

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Definitions:

On-the-Job Training

Training provided to employees while they perform their regular jobs, allowing them to learn and earn simultaneously.

Physical Capital

Tangible assets used in the production of goods and services, such as machinery, buildings, and infrastructure.

Man-Made Resources

Resources created by humans through processing or altering natural materials, which are used to produce goods and services.

Production Process

The method and sequence of operations involved in the production of a good or service.