Which of the following statements is true of abc systems? a. service companies find great value from abc because a vast majority of their cost structure is composed of direct costs. b. abc systems provide less insight than traditional systems into the management of the indirect costs. c. abc systems is valuable for pricing decisions but not for understanding, managing, and reducing costs in government institutions. d. abc systems are used by managers for strategic decisions rather than for inventory valuation in merchandising companies.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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