Activity-Based Use of Resources Can Improve Both Managerial Control and Decision

question 37

True/False

Activity-based use of resources can improve both managerial control and decision making because it encourages managers to pay more attention to controlling resource usage and spending.

---

Definitions:

Historical Par Value

A nominal value assigned to a security or stock when it is issued, which remains unchanged over time despite market fluctuations.

Market Value

Market value is the current price at which an asset or service can be bought or sold in a marketplace.

Current Liabilities

Short-term financial obligations due within one year or within the normal operating cycle of a business, such as accounts payable and short-term loans.

Current Market Value

The most recent price at which an asset or service can be bought or sold in a competitive marketplace.