Activity-Based Costing Systems Focus on Accumulating Costs into Key Activities

question 112

True/False

Activity-based costing systems focus on accumulating costs into key activities instead of departments.

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Definitions:

Humble

Not proud or arrogant; modestly low estimate of one's importance.

Chief Executive Officers (CEOs)

The highest-ranking executives in a company or organization, responsible for making major corporate decisions, managing operations, and steering the company's overall direction.

Business World

The environment or domain involving commerce, trade, and the creation and maintenance of profitable organizations.

Accountability

is the obligation of an individual or organization to account for their activities, accept responsibility for them, and to disclose the results in a transparent manner.