ABC Systems Use the Concept of a ________ to Identify

question 4

Multiple Choice

ABC systems use the concept of a ________ to identify the cost drivers that best demonstrate the cause-and-effect relationship between each activity and the costs in the related cost pool.

• A)cost hierarchy
• B)cost pool
• C)cost allocation
• D)cost driver

Understand the retail positioning matrix and its use in strategizing retail operations.

Identify privacy and ethical concerns in telemarketing.

Recognize different forms of online retailing and their appeal to consumers.

Understand strategic responses of direct sellers to market changes.

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Definitions:

Defined Contribution Plan

A retirement plan in which the employer, employee, or both make contributions on a regular basis, but the final amount received by the employee depends on the plan's investment performance.

Projected Benefit Obligation

An actuarial calculation of the present value of future pension benefits earned to date by employees, based on expected salary increases.

Vested Benefits

Employee benefits (such as pension plans) that are fully entitled to the employee, not contingent on further employment.