The Activity Drivers Used with ABC Can Include Labour Hours

question 46

True/False

The activity drivers used with ABC can include labour hours, machine parts, numbers of setups and kilograms of materials.

Understand the classification and purpose of input and output devices within accounting information systems.

Explain the concept and utility of subsidiary ledgers and controlling accounts.

Differentiate between the general ledger and special journals.

Comprehend the process and significance of recording transactions in special and general journals.

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Definitions:

Pure Inductive

Refers to a circuit element or circuit that purely has inductance without any resistance, ideally opposing changes in current by generating a magnetic field.

Current

The rate of flow of electrons.

Coil

A component that produces a magnetic field when electric current flows through it.

Inductance

The property of an electrical conductor by which a change in current flowing through it induces an electromotive force in both that conductor and any nearby conductors.