Given the U

question 77

Multiple Choice

Given the U.S. economy's basic objective, the best measure of the effectiveness of the U.S. macro-marketing system is:

• A) GDP growth.
• B) the equality of income distribution.
• C) how efficiently resources are used.
• D) how many new products are introduced.
• E) the level of consumer satisfaction.

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Definitions:

Activity-Based Costing

A methodology for costing that detects operations in a company and assigns the costs of these operations to all products and services in proportion to their true use.

Activity Cost Pools

A method in managerial accounting where costs are aggregated according to the activities that incur them, for more accurate allocation.

Product Units

Individual items or outputs produced by a manufacturing or production process.

Materials Handling

The process of handling, safeguarding, storing, and managing materials and goods all through the stages of production, warehousing, distribution, usage, and discarding.