QUESTION 1 Activity in the business process model is defined as repetitive action performed in the fulfillment of a business function True False QUESTION 2 All of the following are Levels of Cost classification except for A Price level B Unit level C Batch level D Facility level QUESTION 3 In Activity based Costing, costs are collected in activity cost A Pools B Buckets C Pitchers D Cans QUESTION 4 A process is a series of activities that, when performed together, can satisfy a specific objective All listed below are such objectives except for A Production B Selling C Labor D Administration QUESTION 5 Implementing Activity based Costing causes an increase in cost for high volume, standard products True False

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Question: QUESTION 1 Activity in the business process model is defined as repetitive action performed in the fulfillment of a business function. True False QUESTION 2

QUESTION 1

Activity in the business process model is defined as repetitive action performed in the fulfillment of a business function.

True

False

QUESTION 2

All of the following are Levels of Cost classification except for....?

	A.	Price level
	B.	Unit level
	C.	Batch level
	D.	Facility level

QUESTION 3

In Activity-based Costing, costs are collected in activity cost ________?

	A.	Pools
	B.	Buckets
	C.	Pitchers
	D.	Cans

QUESTION 4

A process is a series of activities that, when performed together, can satisfy a specific objective. All listed below are such objectives except for...?

	A.	Production
	B.	Selling
	C.	Labor
	D.	Administration

QUESTION 5

Implementing Activity-based Costing causes an increase in cost for high-volume, standard products.

True

False

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