Questions:
1. Explain why a detailed task description is needed for ABM and not for ABC.
2. What are some of the reasons that ABM implementation may lose the support of higher management?
3. Explain how lack of integration of an ABM system may cause its failure.
4. Describe a financial-based responsibility accounting system.
5. Describe an activity-based responsibility accounting system. How does it differ from financial-based responsibility accounting?