The Measure of Input and Output Used by a Financial

question 46

Multiple Choice

The measure of input and output used by a financial productivity measure is called:

• A)revenues
• B)dollars
• C)costs
• D)physical quantities

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Definitions:

Time-Based Activity-Based Costing

An approach to costing that assigns costs to products or services based on the amount of time needed to perform certain activities, emphasizing the temporal aspect of resource consumption.

Unused Capacity

Refers to the available production or service delivery capabilities that are not currently being utilized by a business.

Testing Prototype

The process of experimenting with a preliminary model of a product to evaluate its performance and identify any necessary adjustments.

Product-Level Activity

Activities or tasks that are directly associated with specific products and typically vary with the number of product units produced.