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Which of the following statements about the four approaches of reducing activity costs is/are correct?
i. Activity reduction only applies to value-added activities.
ii. Activity elimination only applies to non-value-added activities.
iii. Activity sharing can be performed when a company only produces a single product.
a.
i, ii and iii
b.
ii only
c.
ii and iii only
d.
i only
e.
i and iii only
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