What Is the Aim of Activity-Based Management

question 122

Multiple Choice

What is the aim of activity-based management?

• A)to identify and eliminate all unnecessary activities
• B)to decrease the efficiency of necessary activities
• C)to add new activities that decrease value
• D)to increase non-value-added activities

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Definitions:

Strategic Forces

External and internal factors that influence an organization's strategy, direction, and actions to achieve its goals.

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual, providing a clear direction and purpose.

Corporate Philosophy

entails the values, beliefs, and principles that guide a company's operations, shaping its culture and strategic direction.