When Designing an Activity-Based Costing System, Accountants Should Be Tasked

question 54

True/False

When designing an activity-based costing system, accountants should be tasked with identifying the activities they think are important and that consume most of the resources in the organization.

---

Definitions:

Confirmation Bias

A cognitive bias that involves favoring information that confirms pre-existing beliefs or ideas.

Nonconscious Processes

Mental processes that occur outside of conscious awareness.

Conscious Awareness

The state of being awake and aware of one's surroundings and thoughts.

Algorithm

A step-by-step procedure or formula for solving a problem, often used in computing and mathematical problem-solving.