Both Activity-Based Management (ABM)and Just-In-Time (JIT)seek to Eliminate or Reduce

question 66

True/False

Both activity-based management (ABM)and just-in-time (JIT)seek to eliminate or reduce nonvalue-adding activities and to improve the allocation of resources.

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Definitions:

Ambiguity

The presence of uncertainty or vagueness in language, making interpretation difficult in legal documents or situations.

Written Amount

The numerical representation of value or money in written form within a document.

Certificate of Deposit

A bank-issued financial instrument that offers a fixed interest rate over a specified period of time.

Note

A written promise to pay a specified amount of money at a given time or on demand.