"Artery" and "Vein" Are Defined by Whether They Leave or Enter

question 68

Multiple Choice

"Artery" and "vein" are defined by whether they leave or enter the heart.If they were defined by whether they carried oxygenated or deoxygenated blood,we would have to change the name(s) of

• A)the hepatic portal vein to a hepatic portal artery.
• B)the hepatic and renal systems (they would have to be switched).
• C)the pulmonary artery and vein (they would have to be switched).
• D)the coronary artery and vein (they would have to be switched).
• E)the aorta and vena cava.

---

Definitions:

Plantwide Overhead Rate

A single rate used to allocate manufacturing overhead costs to all units produced, regardless of the product line.

Cost Driver

A factor that causes the cost of an activity or process to change, used in activity-based costing to allocate costs.

Dual Rate

A cost allocation method that separates costs into fixed and variable elements, applying different rates for each in costing calculations.

Single Rate

A method used in cost accounting where a single overhead rate is applied to all units produced, regardless of the department in which they were produced or the resources they consumed.