Which Statement Best Describes Activity-Based Costing

question 3

Multiple Choice

Which statement best describes activity-based costing?

• A) It results in higher revenues.
• B) It is a traditional costing method.
• C) It encourages efficiency and customer value.
• D) It always results in a lower cost assigned to goods or services.

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Definitions:

Personal

Relating to or affecting an individual directly and intimately.

Behavioral Changes

Alterations in an individual's actions and reactions due to internal or external factors.

Peer-Reviewed Journals

Academic journals that require articles to be reviewed by experts in the field before they are published, to ensure the material is of high quality and credibility.

Scientific Evidence

Information that has been systematically collected and analyzed according to scientific methods to support or refute a hypothesis, theory, or scientific inquiry.