ABC Systems Help Managers Evaluate the Effect of Current Product

question 65

True/False

ABC systems help managers evaluate the effect of current product and process designs on activities and costs and to identify new designs to reduce costs.

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Definitions:

Workers' Compensation System

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer.

Employee Polygraph Protection Act

A federal law that prohibits most private employers from using lie detector tests, either for pre-employment screening or during the course of employment.

Lie Detector Test

A psychological examination that measures physiological responses to determine the truthfulness of an individual's statements, commonly known as a polygraph test.

State Insurance Fund

A government-established fund designed to provide insurance, such as workers' compensation, to employers within the state, often serving as insurer of last resort.