Updates to a time-driven ABC system might be triggered by:
A)significant shifts in cost estimates.
B)change in top management.
C)new fiscal year.
D)interviews and surveys.

Question

Quizplus · Accepted Answer

Updates to a time-driven ABC system might be triggered by significant shifts in cost estimates, such as changes in the cost of labor or materials, which can impact the accuracy of the system.

Answer: C 
 A new fiscal year might trigger a review and update of the time-driven ABC system to adjust for any changes that have occurred since the previous year.

Answer: D 
 Interviews and surveys might provide valuable input into the accuracy of the time-driven ABC system and prompt updates to make the system more effective. However, this might not be the best choice as the best option would be to use a data-driven approach to identify areas of inefficiency.

Therefore, the best choices would be A and C.

Updates to a Time-Driven ABC System Might Be Triggered By