Cost Drivers Can Be Based on Either Volume or Activity

question 6

Multiple Choice

Cost drivers can be based on either volume or activity.Which of the following is an activity-based cost driver?

• A) Labour hours.
• B) Machine hours.
• C) Units of output.
• D) Time taken to set up machines.

Understand the definitions and differences between intergroup and intragroup conflicts.

Identify and detail strategies to resolve intrapersonal conflicts.

Recognize and elaborate on the various power networks in organizations as outlined by W.F.G. Mastenbroek.

Comprehend withdrawal mechanisms for managing interpersonal conflicts.

---

Definitions:

Crop Insurance

Insurance that farmers can purchase that will pay out if crop selling prices or crop revenues fall below predetermined values.

Moral Hazard

A situation where one party takes greater risks because they do not have to bear the full consequences of their actions.

Subsidized

Financial support provided by a government or organization to reduce the cost of producing goods or services, often to encourage consumption or investment.

Co-pays

Fixed amounts paid by patients for healthcare services at the time of service, with the balance covered by insurance.