Evidence suggests that when combined with other initiatives such as total quality management and just in time production methods, ABC can produce improved financial performance.

Question

Quizplus · Accepted Answer

Activity-Based Costing (ABC) provides more accurate cost information by assigning costs to activities based on their use of resources, which, when combined with initiatives like Total Quality Management and Just-In-Time production, can lead to more efficient operations and improved financial performance by reducing waste, improving quality, and optimizing resource allocation.

Evidence Suggests That When Combined with Other Initiatives Such as Total