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