Comparing the Goals of Activity-Based Management (ABM)and Lean Operations We

question 22

Multiple Choice

Comparing the goals of activity-based management (ABM) and lean operations we can say that __________ aim(s) to simplify activities.

• A)JIT
• B)ABM
• C)both ABM and JIT
• D)neither ABM nor JIT

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Definitions:

Original Cost

The initial expenditure involved in acquiring an asset or launching a project.

Cash Proceeds

Cash proceeds are the total amount of cash received from transactions, sales, financing, or other business activities during a specific period.

Cash Flow Statement

A financial document that provides a summary of the money flowing into and out of a company during a specific period, distinguishing between operations, investments, and financing activities.

Cash Outflow

Money that flows out of a business, typically as payments for expenses, investments, or acquisitions.