Determining the relationships among cost objects, activities, and resources is the second step of design of an ABC system.

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This statement is true. Determining the relationships among cost objects (such as products or customers), activities (such as machine setup or quality control), and resources (such as labor or materials) is a crucial step in designing an activity-based costing system. This helps to identify the drivers of activity costs and assign those costs more accurately to the appropriate cost objects.

Determining the Relationships Among Cost Objects, Activities, and Resources Is