Target-date retirement funds: a) change their asset allocation as time passes.
b) function much like hedge funds.
c) change their asset allocation as time passes and are a simple, but useful, strategy.
d) are a simple, but useful, strategy.
e) All of the options are correct.

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