Managers Use ABC Systems for Information When They Focus on Long-Run

question 13

True/False

Managers use ABC systems for information when they focus on long-run decisions and are able to manage activities that affect a broader range of costs.

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Definitions:

Affirming Consequent

A logical fallacy where the conclusion is erroneously inferred from the premise in the form "If A, then B; B, therefore A."

Fallacy

A flaw in the process of thought that results in an argument being invalid or not solidly reasoned.

Affirming Consequent

A logical fallacy where one assumes that because the consequent is true, the antecedent must also be true; it's a flawed argument in conditional reasoning.

Antecedent

The conditional clause that represents the if-part in a conditional statement, where its truth logically necessitates the truth of the consequent.