The Benefit of an ABC System Is That It Provides

question 67

True/False

The benefit of an ABC system is that it provides information to make better decisions at a lower costs than traditional (simple)cost systems.

---

Definitions:

Minimize Work

The process of reducing the amount of effort or resources required to complete a task or achieve a goal.

Maximizing Effectiveness

The act of making the best or most efficient use of resources, time, or effort to achieve a desired outcome.

Request For Proposals

A formal document issued by an organization inviting suppliers or service providers to submit a proposal on a specific product or service.

Company Background

Information detailing the history, foundation, values, and key achievements of a business or organization.