Managerial Accounting Chapter 7 Exam
With 100% Correct And Verified Answers
activity - Correct Answer-action taken or work performed by equipment or people for other people.
activity analysis - Correct Answer-the process of identifying, describing, and evaluating the activities an
organization performs.
activity dictionary - Correct Answer-a list of activities described by specific attributes such as name,
definition, classification as primary or secondary, and activity driver.
activity drivers - Correct Answer-factors that measure the consumption of activities by products and
other cost objects.
activity elimination - Correct Answer-the process of eliminating nonvalue-added activities.
activity inputs - Correct Answer-the resources consumed by an activity in producing its output (they are
the factors that enable the activity to be performed).
activity output - Correct Answer-the result or product of an activity.
activity output measure - Correct Answer-the number of times an activity is performed. It is the
quantifiable measure of the output.
activity reduction - Correct Answer-decreasing the time and resources required by an activity.
activity selection - Correct Answer-the process of choosing among sets of activities caused by competing
strategies.
activity sharing - Correct Answer-increasing the efficiency of necessary activities by using economies of
scale.
With 100% Correct And Verified Answers
activity - Correct Answer-action taken or work performed by equipment or people for other people.
activity analysis - Correct Answer-the process of identifying, describing, and evaluating the activities an
organization performs.
activity dictionary - Correct Answer-a list of activities described by specific attributes such as name,
definition, classification as primary or secondary, and activity driver.
activity drivers - Correct Answer-factors that measure the consumption of activities by products and
other cost objects.
activity elimination - Correct Answer-the process of eliminating nonvalue-added activities.
activity inputs - Correct Answer-the resources consumed by an activity in producing its output (they are
the factors that enable the activity to be performed).
activity output - Correct Answer-the result or product of an activity.
activity output measure - Correct Answer-the number of times an activity is performed. It is the
quantifiable measure of the output.
activity reduction - Correct Answer-decreasing the time and resources required by an activity.
activity selection - Correct Answer-the process of choosing among sets of activities caused by competing
strategies.
activity sharing - Correct Answer-increasing the efficiency of necessary activities by using economies of
scale.
