(CMA Adapted)An Accounting System That Collects Financial and Operating Data

question 30

Multiple Choice

(CMA adapted) An accounting system that collects financial and operating data on the basis of the underlying nature and extent of cost drivers is

• A)full-absorption costing.
• B)activity-based costing.
• C)variable costing.
• D)benchmarking.

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Definitions:

Malaria

A serious and sometimes life-threatening disease caused by parasites transmitted to humans through the bites of infected mosquitoes.

Cancer

A disease characterized by the uncontrolled division of abnormal cells in a part of the body.

Strokes

Medical conditions that occur when the blood supply to part of the brain is interrupted or reduced, preventing brain tissue from getting oxygen and nutrients, causing cells to die.

Type A Personality

A personality trait characterized by high levels of competitiveness, self-driven ambition, impatience, and a constant sense of urgency.