Which of the Following Statements Is/are True in Relation to Activity-Based

question 85

Multiple Choice

Which of the following statements is/are true in relation to activity-based management (ABM) ?
i. ABM is primarily concerned with customer value.
ii. Activity-based costing is the primary source of data for ABM.
iii. ABM is primarily concerned with the control of inputs.

• A) i and ii
• B) i and iii
• C) ii and iii
• D) All of the given answers

Utilize ratios to analyze stock market transactions and currency exchange impacts.

Understand how ratios are used in budgeting and forecasting in government and corporate settings.

Grasp the concept of maintaining the same ratio under changing conditions in sports, business, and finance.

Understand the basic forms of business ownership and their characteristics.

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Definitions:

Illegal

Actions or activities that are prohibited by law and subject to sanctions.

Option Contract

A legal agreement in which a buyer has the right but not the obligation to buy or sell an asset at a pre-agreed price within a specified period.

Promissory Estoppel

A legal doctrine prohibiting someone from revoking a guarantee given to another individual if the latter has sensibly counted on such guarantee to their disadvantage.

Consideration

Something of value promised to another when making a contract.