The Budgeting System Which Relies on Cost Pools and Cost

question 8

Multiple Choice

The budgeting system which relies on cost pools and cost drivers, is:

• A) Activity-based budgeting
• B) Traditional budgeting
• C) Operational budgeting
• D) a. and c

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Definitions:

UNC

Unified National Coarse, a standardized thread designation used in the United States for bolts, screws, and nuts with a coarse thread pitch.

Woodruff Key

A Woodruff key is a semi-circular shaped, removable key that fits into a circular recess in a shaft, allowing it to engage with a corresponding slot in a mating part to prevent relative rotation while permitting axial movement.

Semi-Permanent

A state or condition that is intended to last for a long time but not forever, often applied to structures or installations.

Schematic

A simplified representation of a system or circuit that uses symbols and lines to illustrate structure or function without showing actual layout.