An Activity Center

question 20

Multiple Choice

An activity center:

• A) is an organizational structure where companies are organized into related activities and the overhead costs associated with performing these activities are combined into cost pools.
• B) combines overhead costs into cost pools.
• C) is an organizational structure associated with minimal record-keeping tasks.
• D) None of these answers is correct.

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Definitions:

Unit Elastic

A situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.

Total Revenue

The total amount of money generated by the sale of goods or services before any costs are deducted.

Unit Elastic

A situation where a percentage change in price leads to an equal percentage change in quantity demanded or supplied.

Total Revenue

The total income generated from the sale of goods or services by a company before any costs or expenses are deducted.