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Activity-Based Costing (ABC) Concept

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Questions and Answers

What may prevent a company from dropping low-margin customers?

Inability to identify low-margin customers

Potential loss of market share

High operational costs

Contradiction with existing customer strategy (correct)

What is the primary purpose of statistical control techniques?

To calculate the cost of production

To evaluate employee performance

To predict and monitor business activities (correct)

To identify profitable customers

What type of graph is often used in statistical control techniques?

Gauge chart

Bar graph (correct)

Pie chart

Scatter plot

What is the main objective of Six Sigma analysis?

To strive for near perfection Signup and view all the answers

What is a common application of statistical control techniques?

Optimizing business operations Signup and view all the answers

What can statistical control techniques help businesses identify?

Patterns and potential problems Signup and view all the answers

What is the primary goal of statistical control techniques in operations research?

To provide intelligent alternative solutions Signup and view all the answers

What is a common type of statistical control technique?

Regression analysis Signup and view all the answers

What can statistical control techniques help businesses achieve?

More efficient and effective operations Signup and view all the answers

What is an advanced application of statistical control techniques?

Six Sigma analysis Signup and view all the answers