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Engineering Management and Accounting Systems MCQ

1. What are Activity-based systems?

Answer

Correct Answer: Information systems that provide quantitative information about an organization’s activities

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2. What is Activity-Based Management?

Answer

Correct Answer: An approach to managing an organization that identifies all major operating activities

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3. What is Activity-based costing?

Answer

Correct Answer: A method of assigning overhead costs that categorizes all indirect costs by activity

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4. What is the Accounting Rate-of-Return Method used to measure?

Answer

Correct Answer: Estimated performance of a potential capital project

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5. What is an Activity-based system?

Answer

Correct Answer: Information system that provides quantitative information about an organization's activities

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