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:

Contract

A legally enforceable agreement between two or more parties with explicit terms and conditions.

Discontinued Operations Section

A section in the financial statements that reports the results of operations that have been discontinued by a company.

Net Of Tax

This refers to the amount left after taxes have been subtracted from the total or the calculation made taking taxes into account.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a particular period of time.