Which of the Following Is NOT One of the Three

question 77

Multiple Choice

Which of the following is NOT one of the three steps in building an activity-based budget?

• A)identifying activities
• B)classifying activities as value-added or non-value-added
• C)estimating the demand for each activity's output
• D)estimating the cost of producing the output demanded by each activity

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Definitions:

Trust the Process

A phrase encouraging belief in and adherence to a specific plan or system, despite potential uncertainty or slow progress.

Electronic Data Interchange (EDI)

The electronic transfer of business information using a standardized format, allowing different systems to communicate directly with each other.

Process Cycle Time

measures the total time taken to complete a business process from start to finish, indicating process efficiency.

Large Amounts

Refers to significantly higher quantities or volumes of items, resources, or data, often requiring special management or consideration.