Cost Accounting Information Is Helpful to Management for Pricing Decisions

question 160

True/False

Cost accounting information is helpful to management for pricing decisions but has no effect on controlling costs.

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Definitions:

Two-Factor Theory

A psychological theory by Frederick Herzberg stating that job satisfaction and dissatisfaction are influenced by two independent sets of factors: motivators and hygiene factors.

Job Satisfaction

The level of contentment employees feel about their work, which can influence their performance and retention.

Job Dissatisfaction

A negative emotional response to one's job, often resulting from unmet expectations or negative aspects of the work environment.

Motivation

Accounts for the level, direction and persistence of effort expended at work.