Activity management:
A) is another name for activity-based costing.
B) is the same as the comprehensive activity-based product costing system.
C) uses activity information to monitor and control what is happening in a business.
D) None of the given answers.

Question

Quizplus · Accepted Answer

Activity management uses activity information to monitor and control what is happening in a business, while activity-based costing is a method of assigning costs to products based on the activities they require, and the comprehensive activity-based product costing system is a more detailed version of activity-based costing that considers all activities involved in producing a product. Therefore, neither A nor B is the same as activity management. D cannot be chosen as it does not give an accurate answer.

Activity Management