What Is the Major Difference Between ABC and ABM

question 46

Multiple Choice

What is the major difference between ABC and ABM?

• A)ABC is used in managerial accounting, while ABM is used in financial accounting.
• B)ABC focuses on measurement, while ABM focuses on control.
• C)The goal of ABC is to accurately control costs, while the goal of ABM is to allocate costs most effectively to cost objectives.
• D)There is no difference; ABC and ABM are two names for the same thing.

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Definitions:

Uterus

A major female reproductive organ in many animals, including humans, where offspring are conceived and in which they gestate before birth.

Cervix

The lower part of the uterus in the female reproductive system, connecting the uterus to the vagina.

Pap Smear

A screening test for cervical cancer involving the collection of cells from a woman's cervix to detect abnormalities that may indicate precancerous or cancerous conditions.

Common Site

A location or platform shared or widely used by a large number of individuals or entities for a particular purpose or activity.