Consider the following statements concerning ABC (activity-based costing) and ABM (activity-based management):

i. ABM can be used with value chain analysis

ii. ABC cannot be used in the service industries

iii. ABC is used in conjunction with ABM

iv. The ABC approach assumes that costs occur in proportion to production volume

Which of the above statements is (are) true? Multiple Choice

a.) i and ii

b.) ii and iii

c.) i and iii

d.) iii and iv

e.) i, iii and iv