Question: ABC and ABM work together to provide a comprehensive, integrated framework for managing costs and activities. ABC helps ABM identify the cost drivers and the

ABC and ABM work together to provide a comprehensive, integrated framework for managing costs and activities. ABC helps ABM identify the cost drivers and the value

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added and non

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value

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added activities in the business. ABM helps ABC align the cost system with the business's strategic goals and customer needs. By combining ABC and ABM, businesses can't achieve better cost management, process improvement, and competitive advantage.

True

False

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