Comparing Activity-Based Management (ABM) and Lean Operations All of the Following

question 144

Multiple Choice

Comparing activity-based management (ABM) and lean operations all of the following are correct except

• A) both identify value-adding and nonvalue-adding activities.
• B) ABM uses a more complex accounting system.
• C) both are activity-based systems.
• D) JIT focuses on the accuracy of cost assignment.

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Definitions:

Public Corporation

A Public Corporation is a company that has issued securities through an initial public offering and is traded on at least one stock exchange or in the over-the-counter market.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, often referred to as shareholders' equity or owners' equity.

Public Markets

Marketplaces that are open to the public where securities, commodities, and other financial instruments are traded.

Market Value

The contemporary pricing for transactions involving assets or services on the market.