A Duration Driver Is

question 73

Multiple Choice

A duration driver is:

• A)A simple count of the number of times an activity occurs.
• B)An activity measure that is used for the life of the company.
• C)A measure of the amount of time required to perform an activity.
• D)An activity measure that is used for the life of an activity-based costing system.

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Definitions:

Three-step Innovation

An approach or model for implementing innovation that typically involves stages of ideation, development, and execution.

New Product

An item or service that has been recently developed or introduced to the market.

Financially Successful

A state or condition of having significant income, profit, or wealth generation.

Working Model

A preliminary version of a product or system used to demonstrate or test concepts before final production.