Contrast​ activity-based costing​ (ABC) with​ activity-based management​ (ABM).       Question content area bottom Part 1     A. ​Activity-based management is using a traditional costing system to improve the operations of an​ organization, while​ activity-based costing provides information regarding customer costs to improve the financial position of an organization.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Contrast​ activity-based costing​ (ABC) with​ activity-based management​ (ABM).
 
 
 

Question content area bottom

Part 1
 
 
A.
​Activity-based management is using a traditional costing system to improve the operations of an​ organization, while​ activity-based costing provides information regarding customer costs to improve the financial position of an organization.
 
B.
​Activity-based cost information is using​ activity-based management to improve the operations of an organization. Managers use ABM information for decision​ making, planning, and control purposes. Appropriate​ activity-based management is vital for each of these purposes.
 
C.
​Activity-based management is using​ activity-based cost information to improve the operations of an organization. Managers use ABC information for decision​ making, planning, and control purposes. Cost information is vital for each of these purposes.
 
D.
None of the above.
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