The managers of the Hospice of Central Kentucky used activity-based costing (ABC) to accomplish all of the following except ______________.

Question

Quizplus · Accepted Answer

Activity-based costing (ABC) is a method for determining the cost of activities and processes to products, services, or customers. It is used for internal decision-making, such as identifying areas for cost reduction, improving operational efficiency, and negotiating rates. However, reducing the death rate of terminally ill patients is not a direct goal or outcome of implementing ABC, as it is more focused on financial and operational aspects rather than clinical outcomes.

The Managers of the Hospice of Central Kentucky Used Activity-Based