Which of the Following Statements Best Describes the Major Difference

question 15

Multiple Choice

Which of the following statements best describes the major difference between activity-based costing (ABC) and activity-based management (ABM) ?

• A)ABC is only used in manufacturing companies,and ABM is only used in service companies.
• B)ABC is used in managerial accounting,and ABM is used in financial accounting.
• C)The goal of ABC is to accurately measure costs,and the goal of ABM is to manage costly activities.
• D)ABC is only used in service companies,and ABM is only used by merchandising companies.
• E)None of the answer choices is correct.

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Recognize the importance of the therapeutic relationship and client characteristics in therapy outcomes.

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Definitions:

Quick Ratio

A metric to evaluate a company's short-term liquidity position, calculated by dividing liquid assets by current liabilities.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity of the business.

Acid-Test Ratio

The acid-test ratio, also known as the quick ratio, measures a company's ability to pay its short-term liabilities with its most liquid assets.

Quick Ratio

A liquidity measure indicating a company's ability to cover its current liabilities with its most liquid assets, excluding inventory.