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1. True or False: Managerial decisions based on activity-based costing (ABC) information affect only volume-level, batch-level, and product-level costs. 2. True or False: A cost

1. True or False: Managerial decisions based on activity-based costing (ABC) information affect only volume-level, batch-level, and product-level costs.

2. True or False: A cost of quality system is based on the trade-off between incurring costs to meet product (or service) specifications and the costs of failing to meet those expectations.

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