Activity-Based Management Refers to Using Activity-Based Cost Information to Make

question 23

True/False

Activity-based management refers to using activity-based cost information to make decisions that may increase profits while satisfying customers' needs.

---

Definitions:

Persistence

The ability to continue steadfastly or firmly in some purpose, course, or task, despite difficulties or obstacles.

Direction of Attention

The management and focus of cognitive resources on specific stimuli while ignoring others, crucial for effective task performance.

Efforts

Initiatives or exertions of physical or mental energy towards achieving specific objectives.

Profit-Sharing Programs

Compensation schemes where employees receive a share of the company's profits, usually in addition to their regular salary.