Which of the Following Statements Is/are True

question 60

Multiple Choice

Which of the following statements is/are true?
i.Both conventional 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:

Beliefs

Deeply held convictions or acceptances that certain ideas are true or real, often forming the basis of one’s values or worldview.

Actions

The process of doing something in order to achieve a purpose or goal, typically involving physical or mental effort.

Selling Features

Specific characteristics or benefits of a product or service that are highlighted to persuade potential buyers.

Built-In GPS

A feature in which Global Positioning System technology is integrated into devices allowing for real-time geographic location tracking.