_____________ is a simple list of activities identified in an ABC system.
A) Activity inventory
B) Activity dictionary
C) Activity attributes
D) Activity driver

Question

Quizplus · Accepted Answer

An activity inventory is a simple list of activities identified within an ABC system, outlining the specific activities that incur costs within an organization. It is a comprehensive list of all the activities associated with the production of a specific product or service. Activity dictionary is a broader term that encompasses the activity inventory, as well as additional details such as activity attributes and activity drivers. Activity attributes refer to the characteristics of an activity (e.g., duration, cost, resource requirements) that are relevant to the ABC system, while activity drivers are the factors that cause an activity to occur (e.g., number of setups, number of inspections).

_____________ Is a Simple List of Activities Identified in an ABC