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

question 57

Multiple Choice

The process of using activity-based costing information to manage a business's activities,and thus its costs,is called

• A)activities' management.
• B)product management.
• C)activity-based management.
• D)neither Activities' management,product management,or activity-based management.

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Definitions:

Ratio

A mathematical expression that compares two quantities and shows the relative size of one quantity to the other.

Original Ratio

Original ratio refers to the initial proportional relationship between two or more quantities before any changes are made.

Partnership

A lawful business structure where two or more people jointly manage and share the earnings.

Consignment Store

A retail store that sells items on behalf of the owner, paying them a portion of the sales proceeds.