The process of using ABC information to evaluate the costs and benefits of production and to identify opportunities for improvements in profitability and efficiency is called:
A) Activity-based allocation
B) Management by exception
C) Activity-based management
D) Activity-based consulting

Question

Quizplus · Accepted Answer

Activity-based management (ABM) involves using activity-based costing (ABC) information to evaluate the costs and benefits of production processes, with the goal of identifying opportunities for improvements in profitability and efficiency.

The Process of Using ABC Information to Evaluate the Costs