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

question 170

Essay

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.

---

Definitions:

Methylation

The addition of a methyl group to a molecule, often DNA, affecting gene expression without changing the DNA sequence.

Acetyl Group

A chemical group derived from acetic acid, with the formula CH3CO, important in various biological processes including metabolism.

Histone Proteins

Proteins that package and order DNA into structural units called nucleosomes, playing a key role in gene regulation.

Eusocial

Describes a complex social structure in certain species, where there is a division of labor between reproductive and non-reproductive individuals, cooperative care of young, and overlapping generations.