The development of activity-based cost information is a necessary prerequisite to activity-based management.

Name: The development of activity-based cost information is a necessary prerequisite to activity-based management.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

Activity-based management requires identifying and analyzing the costs of various activities involved in producing a product or service. Therefore, the first step towards implementing activity-based management is developing accurate activity-based cost information.

The Development of Activity-Based Cost Information Is a Necessary Prerequisite