Activity-Based Management (ABM)focuses on the Primary Activities a Business Performs,determines

question 52

True/False

Activity-based management (ABM)focuses on the primary activities a business performs,determines the costs of the activities,and then uses the cost information to make decisions.

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Definitions:

External User

External User refers to individuals or entities outside of a company who use its financial statements to make decisions, such as investors, creditors, and regulatory agencies.

Federal Government

The national government of a federated state, which holds the authority to govern the issues that affect the entire country.

Financial Accounting Standards Board

An independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.

Accounting Principles

Fundamental guidelines or rules that form the basis for accounting practices and financial reporting.