Consider the following statements concerning ABC (activity-based costing) and ABM (activity-based management): 1. ABM can be used with value chain analysis ii. ABC cannot be used in the service industries Ili. ABC is used in conjunction with ABM :38 iv. The ABC approach assumes that costs occur in proportion to production volume Which of the above statements is (are) true? Multiple Choice I and il i and lii ill and iv II and II 1, ill and lv