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activity based costing

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Many years ago, I was in New York City presenting our TimeControl timesheet product to the IT department of a large multi-national bank.  There were easily 20 attendees if not more all sitting around a very long cherry-wood conference table that stretched to my left and right.  I was in the middle and across from me were the CIO and the VP of Finance.  That they were in this meeting was a measure of how…