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Asked by Adeel Humayun on May 31, 2024

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Activity-based management involves focusing on activities to eliminate waste, decrease processing time, and reduce defects.

Activity-based Management

A management approach focusing on managing activities as a way to improve customer value and profit by improving the efficiency and effectiveness of those activities.

Waste

Any unusable materials or substances involved in a process which are produced as a by-product and often require disposal.

Processing Time

The duration required to complete a particular process or activity, often used in manufacturing and operational analysis.

  • Understand the principles and objectives of activity-based management.
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Zybrea KnightJun 06, 2024
Final Answer :
True
Explanation :
Activity-based management involves analyzing and improving individual activities within a process to increase efficiency and effectiveness. This involves identifying and eliminating any non-value-added activities, reducing processing time, and minimizing defects in order to improve overall performance.

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