The process of using activity-based costing information to manage a business's activities,and thus its costs,is called
A)activities' management.
B)product management.
C)activity-based management.
D)neither Activities' management,product management,or activity-based management.

Question

Quizplus · Accepted Answer

Activity-based management involves using activity-based costing information to manage a business's activities and associated costs. It involves identifying and assessing the activities that drive costs and developing strategies to improve efficiency and reduce costs. Option A and B are not accurate as they are not specific to the process of using activity-based costing information. Option D is not the correct answer as it does not provide a specific term for the process described.

The Process of Using Activity-Based Costing Information to Manage a Business's