Activity-based budgeting encompasses the totality of production process, unlike other budgeting systems that focus primarily on one or two parts of a production system.

Question

Quizplus · Accepted Answer

Activity-based budgeting (ABB) considers all activities that incur costs in the production process, providing a comprehensive view, unlike traditional budgeting systems that may focus on specific areas.

Activity-Based Budgeting Encompasses the Totality of Production Process, Unlike Other