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Activity-Based Management (ABM): Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What type of analysis looks at specific production activities and determines their strengths and weaknesses?

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1. Which costing method calculates overhead as an overall overhead rate multiplied by the number of labor hours needed for the project?

2. Which costing method calculates overhead as a function of specific activities?

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About This Quiz & Worksheet

This quiz is an engaging assortment of questions that will review nomenclature and concepts associated with activity-based management. These questions will consult your understanding of costing methods and related topics.

Quiz & Worksheet Goals

The quiz will test you on:

  • Analysis of specific production activities
  • Overhead calculating costing methods
  • Identifying types of costs

Skills Practiced

This quiz can be used by the student to test skills such as the following:

  • Making connections - use understanding of various types of costing methods to know when they're used
  • Defining key concepts - ensure that you can accurately define main terms, such as costing and overhead rates
  • Information recall - access the knowledge you've gained regarding cost categories

Additional Learning

We have provided a lesson titled Activity-Based Management (ABM): Definition & Examples for you to use to find out more about this topic. You will become acquainted with:

  • Specific examples of activity-based management
  • Costs that are difficult to trace
  • Comparison to traditional costing
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