True or false: Activity based management refers to using activity based cost information to make decisions that may increase profits while satisfying customers' needs.

The given statement is true.

Activity based management refers to a process of increasing the profits of a company by satisfying the customer needs. It helps in observing and scrutinizing the profitability of the company by looking at each detail of the company in order to evaluate the strength and weakness. It helps in improving the areas due to which company is losing money. It uses activity cost based information for effective decision making.

Hence, it is a correct statement.