QUESTION #1: (a) How does activity-based costing differ from traditional costing approaches, and (b) why would a firm elect to use activity-based costing instead of traditional costing approaches, and ( c) how can using activity-based costing help determine which are the most profitable products/services to provide, and (d) how can using activity-based costing help determine which customers are the most profitable and should be focused upon?

QUESTION #2: Regarding the newer parts of Management Accounting (i.e. pick one from Balanced Scorecard, or Lean Accounting, or Activity-Based Management [note activity-based management was covered in the last two minutes of the Module 13 video], or even Time-Based Management [covered in the Optional article that you can access by clicking on the Link at the end of this assignment]), write a paragraph or two on how you might use these concepts that you have learned about in this class to help you better manage processes or resources in your career in the future