Which of the Following Statements Concerning Activity-Based Costing Is Correct

question 6

Multiple Choice

Which of the following statements concerning activity-based costing is correct?

• A) ABC is a refinement of job costing.
• B) ABC was introduced because of globalisation.
• C) ABC is most useful when a smaller number of similar products are produced by a firm.
• D) Direct labour hours can be a cost driver for ABC.

---

Definitions:

Personal Life

The aspect of an individual's existence that involves personal relationships, family, interests, and activities outside of their professional occupation.

Heroes, Rulers

Distinguished or exemplary figures, often from history or literature, known for their leadership, bravery, or moral virtues.

Progressives, Traditionalists

Terms often used to describe groups or individuals with forward-looking, change-embracing ideas (progressives) versus those who prefer established, conventional methods (traditionalists).

Caring Leadership

Involves leading with empathy, compassion, and a genuine concern for employees' well-being.