One Way to Implement Activity-Based Management Is to Take a Fresh

question 30

Short Answer

One way to implement activity-based management is to take a fresh look at the activities performed in an organization to see if a business process can be changed so as to reduce costs.As part of a team responsible for implementing an activity-based costing system,you are to investigate business processes for your company and specifically investigate processes in products that are not profitable.You have been introduced to the terms Process Improvement and Business Process Reengineering.

Required:

Define activity-based management and list four ways managers use activity-based costing information and define process improvement and business process engineering.

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Definitions:

Indirect Format

A communication method where the main point is not stated directly at the beginning but is hinted at or revealed through the course of the message.

Negative Message

Communication that conveys bad news, rejections, or unfavorable decisions, often requiring careful wording to maintain goodwill.

Ethics

Moral principles that govern a person's behavior or the conducting of an activity.

Bad News

Information that is unpleasant, disappointing, or upsetting to receive or deliver.