Which Is an Advantage of an ABC System

question 30

Multiple Choice

Which is an advantage of an ABC system?

• A) ABC results in true product costs
• B) ABC has little measurement error
• C) ABC systems allow accountants to identify non-value adding activities
• D) ABC is inexpensive to implement

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Definitions:

Dominant Culture

The prevailing cultural practices, beliefs, and values that are accepted and upheld by the majority of society, often influencing social norms and laws.

Meritocracy Standards

A system or principle in which people are selected or rewarded based on their capabilities and merits rather than on the basis of their social status or wealth.

Objective Standards

Benchmarks or criteria that are based on factual, measurable, and observable data, allowing for impartial and consistent assessment or evaluation.

Secularized Curriculum

An educational curriculum that is neutral regarding religious beliefs, focusing instead on non-religious subjects and values.