The primary objective of ABM or activity-based management is a method to access a business and figure out it's strengths and weaknesses to strategically fix problems.
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Answer: Income is higher under absorption costing by $15,000. This is consistent with a general rule of thumb: Increases in inventory cause income to be higher under absorption costing than under variable costing, and vice versa.
Explanation:
Answer:
d. Socratic questioning
Explanation:
Socratic questioning -
After the work of Socrates , Socratic questioning was developed .
According to this ,
As socrates developed an educational method , which focus to develop and discover answer by asking various students , some questions ,
Hence , by this method of asking question,
The person can get ideas about various new factors and ability of the person.
Hence , from the question,
The correct option is d. Socratic questioning .
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Answer:
The correct answer is letter "A": efficiently but does not necessarily ensure that resources are allocated fairly.
Explanation:
Scottish economist and philosopher Adam Smith (<em>1723-1790</em>) coined the term invisible hand to give meaning to the unseen force the moves the free market economy. According to the theory, the interest of society is achieved by freedom of consumption and production. It means that the market will find the equilibrium point without the need for government intervention, which could allocate goods or services efficiently but not necessarily fairly.
