An Activity-Based Costing System Should Include All of the Activities

question 3

True/False

An activity-based costing system should include all of the activities carried out in an organisation because any simplification will inevitably result in inaccuracy

---

Definitions:

Empiricism

A theory in epistemology that states knowledge comes only or primarily from sensory experience.

Observations

The act of monitoring or recording systematically selected variables or behaviors in research to gather data.

Assumption

A statement taken for granted or accepted as true without proof, used as a basis for reasoning or argument.

Quantitative Research

A research method focusing on obtaining data that can be quantified and analyzed statistically to draw conclusions and test hypotheses.