An ABC System Is One Building Block of Activity-Based Management

question 115

Multiple Choice

An ABC system is one building block of activity-based management (ABM) .The second building block is

• A)that senior management support is crucial.
• B)understanding the components of indirect cost pools.
• C)knowing the limitations of allocating indirect costs.
• D)the ability for managers to understand that the demand for output is central to profitability.
• E)automating the costing system.

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Definitions:

Audience

The intended group of people that a piece of content, event, or product is directed towards or attracts.

Visualize Success

The practice of mentally envisioning a positive outcome or the achievement of one's goals as a motivational technique.

Confidence

The feeling of self-assurance arising from one's appreciation of their own abilities or qualities.

Backchannel

Non-verbal or verbal signals used by listeners to indicate that they are paying attention and understanding the speaker.