A Well-Designed,activity-Based Cost System Helps Managers Make Better Decisions Because

question 113

Multiple Choice

A well-designed,activity-based cost system helps managers make better decisions because information derived from an ABC analysis:

• A)is easy to analyse and interpret.
• B)emphasises how managers can achieve higher sales.
• C)can be used to eliminate non-value-added activities.
• D)takes the choices and judgement challenges away from the managers.

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Definitions:

Industry Versus Inferiority

A stage in Erik Erikson's theory of psychosocial development where children develop a sense of competency and skills, usually occurring between the ages of 6 and 12.

Erik Erikson

A psychologist known for his theory on the psychosocial development of humans, positing that individuals undergo a series of eight stages over their lifespan.

Late Childhood

A developmental stage covering the period from around age 6 to the onset of puberty, marked by significant cognitive, emotional, and social changes.

School Phobia

Unrealistic fear of going to school; may be a form of separation anxiety disorder or social phobia.