If an activity can be split, only the functional portion of the original activity needs to be accomplished for the project to be fully completed

When using an activity-based costing system in service companies, the allocation of indirect costs to the cost object is the last step of the process

Indicate whether the statement is true or false

Since bonds are generally considered among the safest investments, you would expect that they would _____.

(A) Have D ratings (B) Have low interest rates (C) Have high interest rates (D) Mature quickly