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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Which one of the following are part of Tuckman and Jensen’s (1977) stages of group development?
a. Forming, storming, motivating b. Forming, norming, conforming c. Forming, norming, performing d. None of the above
The type of form that facilitates the easy separation of the various copies from one another because of a perforated paper strip at the top of the form is the
A. Unit-set form. B. Continuous form. C. OCR form. D. MICR form.
Under the Uniform Commercial Code, when the minor has sold goods and the buyer has resold them to a good faith purchaser for value:
a. the minor can disaffirm and recover the property. b. both the purchaser from the minor and the good faith purchaser for value acquire legal title. c. the good faith purchaser for value acquires legal title. d. the good faith purchaser for value receives a voidable title.
City Times, a newspaper, knowingly publishes an article falsely stating that the inventory of Walco, a discount store, consists of stolen goods. City Times is liable for
A. defamatory mischief. B. malicious mischief. C. slander of quality. D. slander of title.