activity

  

Definitions (3)

1. General: Measurable amount of work performed to convert inputs into outputs.

2. Activity based costing (ABC): Aggregations of actions performed in an organization which are useful for ABC computations.

3. Project management: Smallest unit of work having four characteristics: (1) definite duration, (2) logic relationships with other activities in the project, (3) resource consumption, and (4) an associated cost. Often used as an alternative term for task.



Featured Tip

Planning for Your Business

When you begin planning, and then when you really become involved in an extra income producing endeavor, you should work it exactly as you have organized your regular day-to-day activities, on a time ... Read more

Additional Tip(s)



http://www.businessdictionary.com/definition/activity.html






Enter your email address to get our free Term of the Day newsletter!

Nearby Terms

Popular 'Accounting & Auditing' Terms


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z