How far do you agree with the following statements? (1) Activity Based Costing gives opportunities to reduce or eliminate activities that do not add value in a highly competitive environment.

How far do you agree with the following statements?

(1) Activity Based Costing gives opportunities to reduce or eliminate activities that do not add value in a highly competitive environment.

(2) If Activity-Based Costing has been correctly implemented, and it turns out a product is causing losses, then that product should be automatically discontinued.