which type of cost do you prefer that usefulness in managerial decision-making?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
which type of cost do you prefer that usefulness in managerial decision-making?
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In any organization's decision-making process, the cost information system plays a critical role. One of management's most essential responsibilities is to maintain control over operations, procedures, and activity sectors, rather than over expenses. The cost information system is vital since it monitors the outcomes of other goals of the organization such as production control, stock management, quality control, etc.
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