Which of the Following Statements Is/are True

question 62

Multiple Choice

Which of the following statements is/are true?
i. Both traditional cost systems and ABC focus on resources supplied.
ii. Plant and equipment is an example of a committed resource under an ABC system.
iii. Committed resources always equal resources used.

• A) i
• B) ii
• C) iii
• D) ii and iii

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Definitions:

Focused Processes

Specialized operational techniques aimed at improving efficiency and effectiveness in specific areas of production or service delivery.

Specialization

The process of focusing on and becoming expert in a particular subject or skill.

Flexibility

The ability to adapt to changes, challenges, or new requirements quickly and effectively.

Production Rates

The speed at which products are manufactured within a specific period, influencing output levels and operation efficiency.