Activity-based cost management (ABCM) can best be defined as:
A) a cost system using multiple departmental overhead rates.
B) the use of cost information gathered using activity-based costing (ABC).
C) a quality-control system focusing on eliminating errors and mistakes.
D) an incentive system for a company's key decision-makers.

Question

Quizplus · Accepted Answer

Activity-based cost management (ABCM) involves using the cost information gathered through activity-based costing (ABC) to manage and improve business processes and decision-making.

Activity-Based Cost Management (ABCM) Can Best Be Defined As