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:

Attrition

The natural reduction of workforce due to employees leaving the company for various reasons, such as resignation or retirement, without being replaced.

Voluntary Turnover

The process in which employees choose to leave a company on their own accord rather than being terminated or laid off.

Retirements

The act of leaving one's job and ceasing to work after reaching a certain age or for health reasons.

Cause-and-Effect Models

Analytical tools or diagrams used to identify and represent the relationships between various factors and the outcomes they produce.