What is activity-based management? How is it different from activity-based costing?
What will be an ideal response?
Activity-based management uses activity-based cost information to make decisions that improve customer satisfaction while also increasing profits. Activity-based costing focuses on activities as the fundamental cost objects. The costs of the activities then become the building blocks for allocating overhead costs to products and services.
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An electronic retailer surveys its customers to understand the factors that they consider before making a purchase decision. The retailer is trying to bridge the ________ by using customer research.
A. delivery gap B. performance gap C. communication gap D. standards gap E. knowledge gap
Which of the following does not appear on an income statement prepared using variable costing?
a. Gross margin/profit. b. Manufacturing margin c. Fixed production costs. d. Variable production costs.
If there is no time specified for the acceptance of an offer, when does the offer terminate?
a. After 48 hours from receipt of the offer. b. After two weeks from dispatch of the offer. c. After 30 days from receipt of the offer. d. After a reasonable period of time, which depends on the circumstances.
The Occupational Safety and Health Act requires employers to furnish their employees a workplace that is free from recognized hazards that cause, or are likely to cause, serious injury or death.?
Indicate whether the statement is true or false