ABC reveals opportunities to reduce costs on nonvalue added activities.

Name: ABC reveals opportunities to reduce costs on nonvalue added activities.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Activity-based costing (ABC) is a method of analyzing and identifying the costs of each activity that is performed in a company. By using this method, companies can identify the nonvalue added activities, and they can eliminate or reduce those activities to reduce costs. Therefore, the statement is true.

ABC Reveals Opportunities to Reduce Costs on Nonvalue Added Activities