ABP Opinion No. 8 was consistent with the revenue-expense approach.

Name: ABP Opinion No. 8 was consistent with the revenue-expense approach.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

ABP (Activity Based Planning) Opinion No. 8 is based on the revenue-expense approach, which involves planning activities based on the expected revenue and expenses of the organization. The main goal is to ensure that costs are minimized while revenue is maximized. Therefore, the statement is true.