Which of the following would an economist most likely classify as a need? . a. gasoline for a florist's delivery truck.. b. a college degree. c. a flat-screen television.. d. a part-time job to earn extra money.

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above