The process of using activity-based costing information to manage a business's activities, and thus its costs, is called
A)activities' management.
B)product management.
C)activity-based management.
D)neither activities' management, product management, or activity-based management.

Question

Quizplus · Accepted Answer

The process of using activity-based costing information to manage a business's activities, and thus its costs, is called activity-based management. Option A, activities' management, is a vague term and not specifically related to activity-based costing. Option B, product management, is focused on the management of individual products rather than the activities that contribute to their cost. Option D, neither activities' management, product management, or activity-based management, is an incorrect statement as activity-based management is a valid term for the process described.

The Process of Using Activity-Based Costing Information to Manage a Business's