The Process of Using Activity-Based Costing Information to Manage a Business's

question 87

Essay

The process of using activity-based costing information to manage a business's activities,and thus its costs,is called activity-based management.How do managers use the information provided by an activity-based costing system?

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Definitions:

Creative Intelligence

The ability to go beyond existing ideas to create novel and interesting ones, a component of Sternberg's triarchic theory of intelligence.

Savant Syndrome

A condition where someone with significant mental disabilities demonstrates profound and prodigious capacities or abilities in limited areas.

Emotional Intelligence

The ability to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.