The Relationship Between Activity-Based Costing (ABC)and Strategic Cost Management Could

question 57

Multiple Choice

The relationship between activity-based costing (ABC) and strategic cost management could be described as:

• A)Inconsistent.
• B)Proportional.
• C)Insignificant.
• D)Linked.
• E)Minimal.

---

Definitions:

Primarily Liable

Having the main or first responsibility for fulfilling an obligation or debt.

Imposter

A person who deceives others by pretending to be someone else for personal or financial gain.

Obligor

A person or entity legally bound to provide a payment, service, or other benefit to another (the obligee) under the terms of a contract or legal agreement.

Negotiable Instrument

A formal written notice ensuring a particular sum of money will be paid, either immediately when asked or at a certain date, with the document specifying who is to pay.